Unsecrued loan
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 September 2013
Dear Sir,
Unsecured loan taken from a person Rs. 90000/- in fy 2012-13. Loan was taken in cash in 6 instalments of 15000/- .
Whether it encroaches Sec. 269 or not.
Unsecured loan taken from a person Rs. 90000/- in fy 2012-13. Loan was taken in cash in 6 instalments of 15000/- .
Whether it encroaches Sec. 269 or not.
CA Parul Saxena
(Expert)
21 September 2013
no section 269 not attracted as amount is not received in single installment exceeding 20000
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