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kollipara sundaraiah (B.com)     20 July 2021

Cash transactions allowed

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


 1 Replies

Sourav

Sourav (Student)     20 July 2021

No it is not allowed under section 269T

For loan 20000 rupees should be allowed under 269T

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