Unsecured loan
This query is : Resolved
musab saleem
(Querist)
02 May 2014
I just want to know that is there any penalty on taking a loan from relative in cash rupees 1 lack aur more than during the previous financial year?. plz let me about the consequences of such thing.
Nikhil Kaushik
(Expert)
03 May 2014
yes. please refer section 269SS and 271D
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