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Loan to sundry debtors limit

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online

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online (Querist)
25 September 2021 Sir,
It assess cash loan to friend rs:80 lacs
through on online mode.
Question:
Cash loan to friend any limit in it act.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
25 September 2021 No restriction in IT act, provided loan acceptance and repayment both are in digital mode.

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