Cash repayment of unsecured loan

Can repayment of loan be made in cash everyday of Rs < 20,000 ?

Loans are being taken otherwise than through cash.
Replies (4)
Quick Summary
This discussion clarifies the rules surrounding cash repayments for unsecured loans. It confirms that daily cash repayments under Rs 20,000 are permissible, provided the loan itself was not taken in cash. The relevant sections of the Income Tax Act, specifically 269SS and 269T, are referenced for further details on limits and procedures.

Yes no problem under section 269SS
This cannot be a question of discussion.
1st, Per Year Limit - Person to Person -20000

Through Bank -No Limit -269 T -Please Refer.
Refer both 269SS and 269T

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