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Loan repayment

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(Querist)
24 October 2013 sir I have taken loan of rs one lakh & and I want repayment by cash below 20k. so can I pay like this.
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Ganeshbabu K

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Ganeshbabu K (Expert)
25 October 2013 NOT POSSIBLE,..
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IF YOU WANT YOU CAN MAKE PAYMENT OF CASH 20000 EACH AND CAN REPAY IN 5 YEARS..THEN NO ISSUE
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OTHER WISE IT IS REPORTABLE UNDER SEC.269T BY TAX AUDITOR
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