26 November 2014
Dear Experts My father in law availed KSFC Laon of Rs.21 Lakhs mortgaging his property. Now I want to clear the entire Loan amount through NEFT transfer from my Current Account. Whether this transaction is genuine transactions or not. If not please advise me how to clear the above loan and take back the pledged documents from KSFC. Thanks in Advance.
26 November 2014
sec 269SS provides for a penalty of 100% of amount paid to the lender otherwise then by account payee cheque , so i suggested u the same.
CAclubindia
