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Related cash entry

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(Querist)
14 November 2016 Hiii sir

i m accountant & doing part time work in accounting field, my home loan is running & now days i get Rs.10,00,000/- as loan can i possible to take that money & repay my loan.

please answer
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Shudhanshu Agrawal

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Shudhanshu Agrawal (Expert)
14 November 2016 First of all, you need to clarify the source of the second loan of Rs 10,00,000 and what is the purpose for which loan was granted to you. If you are using the loan amount for any other purpose then it will be considered diversion of funds.
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