unsecured loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2011 Any restriction if i take cash received as unsecured loan
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Guest

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Guest (Expert)
10 May 2011 Not much.... but keep in view the amount under consideration, nature of assessee, lender party involved etc.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2011 if we take partial below 20000.00 for example
01.04.11 15000.00
05.04.11 5000.00
10.04.11 9000.00
etc
upto 2-lacs in the financial year apr10 to mar 11
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CA PRIKSHIT GUPTA

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CA PRIKSHIT GUPTA (Expert)
10 May 2011 Unsecured loan limit is Rs. 20000/-. you can't take loan more than Rs. 20000/- as cash.
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Querist : Anonymous

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Querist : Anonymous (Querist)
10 May 2011 Thanks sir for you guidance

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