Cash received unsecured loan
This query is : Resolved
11 July 2019
Sir,
How many amount may be taken as a unsecured loan from one person as cash mode
Sir,
How many amount may be taken as a unsecured loan from one person as cash mode
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
The limit as per Income tax act is of 20,000. The relevant sections for same are 269SS and 269TT.
Regards
CA Kamal Kant
11 July 2019
you also have to take care of The Banning of Unregulated Deposit Schemes Bill, 2018
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