hello sir,madam.. can I deposit 3 lakh rupees loan in cash.. at a time in a year..?
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195623 Points)
Replied 09 May 2017
No. By virtue of section 269SS/T any loan amount exceeding 20,000/- cannot be accepted/repaid, except some exemption given to Government, bank, co.op. bank etc.
Ashwini
(private job)
(176 Points)
Replied 09 May 2017
if I want to clear that loan... than hw to do..?
Mukesh Kumar
(Accounts Manager)
(1466 Points)
Replied 10 May 2017
YOU CAN REVEIVE OR PAID 3 LAC ONLY TO BANK AND F.I. OTHERWISE IT IS INELIGIBLE
Recent Topics
- Applicability of Public Trust Registration for 12A
- GST input for the business service
- Account type error
- I am 35 What to do
- GSTR-3B Sales and Tax Liability Correction
- Full Exemption on Capital gain
- Credit Note to suspended GSTN
- ITR 2 utility error
- GST Registration for Postal Agent
- COMMUNICATION ON GST PORTAL BETWEEN DEALER
Related Threads
Trending Online Classes
CAclubindia
