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Loan amount paid in cash in excess of 20000

This query is : Resolved 
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(Querist)
14 June 2012 dear sir,amount paid in excess of 20000 is the violation u/s 269T &269S


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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
14 June 2012 Section 269SS prohibits accepting loans in cash in excess of Rs. 20,000.

Section 269T prohibits repayment of loan in cash in excess of Rs. 20,000.
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