unsecured loan
This query is : Resolved
19 September 2009
I have taken 5600 unsecured loan from my bhabhi it is allowable or not?
In another case I have opening balance of my wife Rs. 50000 and taken 6500 rupees in cash during the year.
Pls provide me any case law if you have
In another case I have opening balance of my wife Rs. 50000 and taken 6500 rupees in cash during the year.
Pls provide me any case law if you have
19 September 2009
You can accept the cash loan below Rs. 20,000/- . Once the outstanding limit reaches Rs 20,000 then you can not accept any loan in cash.
1. Rs. 5600 in cash loan acceptable.
2. Rs. 6500/- cash loan will be liable for penalty as the existing balance of lonee is Rs. 50,000/-
1. Rs. 5600 in cash loan acceptable.
2. Rs. 6500/- cash loan will be liable for penalty as the existing balance of lonee is Rs. 50,000/-
20 September 2009
agree with expert
21 September 2009
agree
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS 194-T applicability
- Fixe term employment
- Is any professional CA is here please reply
- GST ITC REVERSE
- Putting a heading on received mail
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Consolidated financials
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Reprocessing of rectification order AY 2025-26
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
