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269 ss

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(Querist)
14 September 2011 respected sir,

u/s 269SS / ST,
the maximum loan amount is 20000/- to be received or repaid in cash.
1) is this per annum or for each transaction?
2) does this provision applicable to non 44AB cases also?
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CA Rajeev Bansal

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CA Rajeev Bansal (Expert)
14 September 2011 1) Rs. 20000.oo is per annum
2) Yes, It is applicable to Non 44AB Cases also

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