debtors

prasad (government employee) (225 Points)

03 December 2018

whether assessee can receive cash from the debtors for the loan amount given for the AY 2016-17

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4 Replies

Mayur Patil (Article) (1276 Points)
Replied 03 December 2018

Not more than 20K

Otherwise its violation of 269T
The limit of 20k its with interest.

rama krishnan (12244 Points)
Replied 03 December 2018

yes you can receive but not in excess of 200000 or else 269st will attract. 269t will attract in respect of payers.

3 Like

Mayur Patil (Article) (1276 Points)
Replied 03 December 2018

Ohh... Sorry wrongly understood the question
Agree with @ rama krishnan

rama krishnan (12244 Points)
Replied 03 December 2018

👍👍👍👍👍👍👍👍👍👍

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