Loan repayment by cash
This query is : Resolved
07 March 2014
sir, my friend paid Rs.36000/- from my internet banking that is he paid from my savings account to somebody thru online . He repaid the same with Cash. we both are salary class people. Is this considered as loan ? can I deposit 36000 at once thru cash in my savings
account. pl solve my query.
CMA Ramesh Krishnan
(Expert)
07 March 2014
Since it is simple transactions, not have that much impact, you can deposit back the cash. you can treat as handloan and close the same while received
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