An NBFC gave loan in cash above Rs 20000. Is there any violation under IT Act.
Sivaraman A R (.) (1038 Points)
28 September 2010An NBFC gave loan in cash above Rs 20000. Is there any violation under IT Act.
CA AYUSH AGRAWAL
(Kolkata-Pune-Mumbai)
(26986 Points)
Replied 28 September 2010
Yes.
As Per My Knowledge 269SS & 269T Also Applicable to NBFC>
CAclubindia
