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

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