Easy Office
LCI Learning

loan

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 March 2009 hi all of u
can any one tell me that what is the limit of loan & advances in cash.
I want to give loan any one by cash.
please tell me the limit
thanks
mukesh kumar
Profile Image

CA Tilak Raj Sharma

Profile Image

CA Tilak Raj Sharma (Expert)
24 March 2009 Rs. 20,000.
Profile Image

CA Devanshi Gandhi (Ajani)

Profile Image

CA Devanshi Gandhi (Ajani) (Expert)
24 March 2009 as per sec 269SS & 269T one cannot give loan more than Rs. 20000 in cash



Profile Image

Mukesh Kumar

Profile Image

Mukesh Kumar (Querist)
25 March 2009 thanks
Profile Image

Laxmi Narayana Sahu

Profile Image

Laxmi Narayana Sahu (Expert)
29 March 2009 Loan Amount exceeding Rs.20000/- can not be given by cash .It has to be by a crossed cheque or DD.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links