Cash loan and repayment
This query is : Open
28 September 2017
Does a person ie a moneylender (having a licence of money lending form Maharashtra) can give a loan in cash and the repayment be taken in cash above 20000
Does he have any exception of cash transactions
28 September 2017
No... It's not available.
Also the cash dealing reduced 20k to 10k...
CA Rashmi Gandhi
(Expert)
28 September 2017
No you cant do so..........
CA Rashmi Gandhi
(Expert)
28 September 2017
Read article for more clarification
https://www.simpletaxindia.net/2009/12/payment-exceeding-20000-40a3-exceptions.html?m=1
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