Repayment of loan in cash
This query is : Resolved
08 August 2013
Can an assessee who is liable for audit repay the loan amount in cash which was earlier taken by cheque.
09 August 2013
Repayment of loan in cash will attract Section 269T if the amount of repayment exceeds Rs. 20,000/-.
Penalty equal to the amount of repayment will be levied.
Penalty equal to the amount of repayment will be levied.
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