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Unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
18 September 2012 do i can received for my proprietorship business unsecured from my father,mother & uncle in cash ?

how much limit is for ?

thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
18 September 2012 Any loan which is taken from anyone more than Rs.20000/- will be reported under section 269SS of the income tax act. it is violation under this section

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