Cash loan paid

Members
please suggest me
I have cash paid to one friend rs.450000 so this entry is unsecured loan or loans and advance.
Thank u in advance
Replies (2)
Quick Summary
A user has paid a friend Rs. 450,000 in cash and is seeking advice on how to classify this entry in their accounts – as an unsecured loan or loans and advances. The discussion also highlights a potential violation of Section 269SS due to the cash payment exceeding the prescribed limit, which could attract penalties.

You have violated section 269SS because you have paid in excess of prescribed limit in cash in one transaction
Penalty is attracted

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 21 September 2026
Consultant - Reporting

Finrep Advisors LLP

Mumbai

CA

View Details
Company
19 September 2026
Finance Manager

Mugdha Art Studio

Hyderabad

CA

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
ARTICLESHIP 29 August 2026
Article Assistant

RRPM & ASSOCIATES LLP

Chennai

CA Inter

View Details
Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details