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Received in cash

This query is : Resolved 
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(Querist)
15 January 2025 Dear sir/ madam
We have given loan Rs 10 Lakh to one of our party through rtgs and shown in loan and advances later on we received the loan amount given in cash,
Can we accept this in cash?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
15 January 2025 No. Check applicability of penalty u/s. 269ST IT act.
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