loan
This query is : Resolved
Mukesh Kumar
(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
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
CA Tilak Raj Sharma
(Expert)
24 March 2009
Rs. 20,000.
24 March 2009
as per sec 269SS & 269T one cannot give loan more than Rs. 20000 in cash
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Mukesh Kumar
(Querist)
25 March 2009
thanks
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.
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