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Loan above 20000

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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 can i give loan to borrowers above 20000 in cash and receive my amount back in cash?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 August 2018 No, you can't through cash pay through cheque.
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Querist : Anonymous

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Querist : Anonymous (Querist)
23 August 2018 May i know the section under which it is restrcited?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
23 August 2018 Section 269SS and 269T deal with the cash payment and repayment of loans and deposits.
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