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Negative cash

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Querist : Anonymous

Querist : Anonymous (Querist)

18 February 2014 SIR

THIS IS M/O FEB 2014, AND CASH IS NEGATIVE IN THE M/O JULY 2013, & SEP 2013 DUE TO BOOK CASH EXPENSES, NOW TELL ME CAN WE TAKE RS 5-6 LAC AS CASH UNSECURED LOAN AND HOW CAN I WITHDRAW FROM THE BANK ON BACK DATED.

THANKS & RGDS

MUKESH KUMAR

CA Siddhartha Bhardwaj

CA Siddhartha Bhardwaj (Expert)
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18 February 2014 1. Section 269SS prohibits acceptance of cash loan exceeding Rs. 20,000 (either single or aggregate). So this option is not available.

2. You CANNOT withdraw cash from bank in a back date.

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