CASH LOANS VS CASH PAYMENTS

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404 Points Joined January 2020
Giving cash loans is permissible upto 19999. But payments above 10000 are not permissible. So, if I give loan above 10000 and below 19999. Is it allowed or both are independent provisions?
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On 08 April 2020 at 17:45 Report
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288 Points Joined February 2014
Both are independent case.
Accepting loan in cash upto 19999 is allowed under section 269SS.
Repayment of loan in cash upto 19999 is allowed under section 269T.
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On 08 April 2020 at 19:27
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404 Points Joined January 2020
Thank you
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On 08 April 2020 at 19:37
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56 Points Joined November 2018
Yes as said by Mr . Suraj allowed as per respective sections but with conditions
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On 09 April 2020 at 18:46


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