sec 44ad it returns filed jewellery business and pawn brokeing business person cash loan to customer rs:1 lacs through on cash mode amount paid.
question:
1.assess rs:1 lacs money to customer allowed in it act
2 money pay amount cash mode limit in it act
No it is not allowed under section 269T
For loan 20000 rupees should be allowed under 269T
CAclubindia
