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I had borrowed 4 lacs rs in cash

22 March 2019

I request you to sir 4 time. I had borrowed official money in Income tax return shows Cash to Hemant Shah in 2/4/12. IT order also with me so is it legal? Thanks with regards hope Shailesh Parikh Ahmedabad 7874077556

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8 Replies

RAMAKRISHNAN R (INCOME TAX OFFICER) (1736 Points)
Replied 22 March 2019

your query is not clear Mr. shailesh.... make it clear pls

Shailesh Parikh (123 Points)
Replied 23 March 2019

in 2/4/12, I borrowed Hemant Shah official Cash in Income tax return 4 Lacs as a loan. Hemant Shah cheques was returned. I won in Negotiable Instrument 138 Hemant Shah, Judgment to pay me 4 Lacs & 1years jail. he went to session Court, Still case is running. Income tax Order also. his advocate said that's in one day only 20000 can give to anybody. but in loan laws was in 2012 Cash Loan is allowed. please kindly guide me. thanks with regards hope Shailesh Parikh Ahmedabad 7874077556

pradosh sharma (12 Points)
Replied 23 March 2019

what IT order you got?

Akhilesh (student) (308 Points)
Replied 23 March 2019

IT act is different than negotiable instrument act. Do you have the receipt of the amount received by cash, as issued by the borrower? That should be valid proof, not your IT return.

5 Like

Pankaj Siddhu (other) (299 Points)
Replied 23 March 2019

In 2012, there was no restriction over cash loans under IT act. Yes, agreed, receipt with revenue stamp must be in hand.

5 Like

saurabh shahu (Audit Assistant) (142 Points)
Replied 23 March 2019

HA...HAHAAAA...HAHHAAAA

Shailesh Parikh (123 Points)
Replied 23 March 2019

He gave cheques after 1 years of 3 cheques in one bank, 1Lacs × 3 & 2 cheuqes of another bank 50000×2. But All cheques are returned, so sir , Is it valid proof? in friendship, I had not got receipt but after 1 year same 4 lacs RS . Cheques ware return.
Negotiable Instrument court gave Judgement in favor of Mines. 4 lacs RS. pay to me & 1 years Jail. Hemant Shah went to session Court. Thanks with regards hope to guide me.

1 Like

Shailesh Parikh (123 Points)
Replied 26 March 2019

Please kindly help me. At 4th April is my Court Mudat. Thanks with regards hope Shailesh Parikh Ahmedabad, because of yours Help I won Negotiable court case. I want to win session Court with yours Help. SHAILESH PARIKH Ahmadabad Naranpura 7874077556