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Cash received unsecured loan

This query is : Resolved 
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(Querist)
11 July 2019
Sir,

How many amount may be taken as a unsecured loan from one person as cash mode
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Kamal Kant Mittal

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Kamal Kant Mittal (Expert)
11 July 2019 Hi,
The limit as per Income tax act is of 20,000. The relevant sections for same are 269SS and 269TT.

Regards
CA Kamal Kant
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CA Mayur Todmal

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CA Mayur Todmal (Expert)
11 July 2019 you also have to take care of The Banning of Unregulated Deposit Schemes Bill, 2018
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