Cash loan

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
27 June 2012 what is the limit of taking cash loans from family members for day to day business expenses....??

27 June 2012 Section 269SS of the Income Tax Act prohibits accepting cash loans in excess of Rs. 20,000.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Meet our CAclubindia PRO Members


Follow us


Answer Query