Cash Money from any person

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100 Points Posted on 22 November 2020
Agar me apane business ke liye kisi person se cash money leta hu to kya issase mujhe kuchh problem aa sakti ye kya . Amount lagbhag 1-5 crore tak hai


please give me expert Advice
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On 22 November 2020 at 14:58 Report
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Quick Summary
This discussion addresses the legality and risks of accepting large cash loans for a business, specifically amounts between 1-5 crore. Expert advice clarifies that accepting cash loans above Rs. 20,000 is not permitted and can lead to significant problems.

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Accountant
3662 Points Posted on 22 November 2020
No, you can not take money in cash above Rs. 20000 as Loan
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On 22 November 2020 at 15:37
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GST Practitioner
55067 Points Posted on 23 November 2020
Nahi aap aisay cash lekar business Nahi Kar saktey
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On 23 November 2020 at 00:05

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