LOAN FROM INDIVIDUAL

No,
As per section 269SS of the income tax act 1961,
No person shall receive loan from any other person other than account payee cheque , A/c payee bank draft, Ecs .
if loan amount exceed 20,000/- .
So you cannot take loan of 1,50,000/- in cash.

So kind of you sir...

Sir, Will i receive Rs: 1,50,000/- from various person by cash, in a day...?

Sir,
Yes you can receive cash of 1, 50,000 from various persons.(not exceeding 20,000 from a person). and I want to tell that
It is not the matter of cash received in a day ,
it says no one should receive from a person exceeding 20,000 .

I will tell you one example , you take loan of 15000 from a person in this year (which is unpaid) and you want to take another 6000 in cash.
provision says you shall not take amount more than 20k .
so ,you can take upto 5000 in cash and amount exceeding that you should take from only in ECS , A/C PAYEE etc.

I hope you understand

Very thank to educate me sir...🤝