NIDHI COM[ANY TAXATION

CAN A NIDHI COMPANY ACCEPTS DEPOSIT OR GIVE LOAN OR ACCEPT LOAN REPAYMENT IN CASH IN EXCESS OF RS 20000

Replies (3)
Quick Summary
This discussion clarifies whether a Nidhi company is permitted to accept cash deposits, provide loans, or receive loan repayments exceeding Rs 20,000. The consensus is a firm 'no', indicating that such transactions are not allowed.

No, u can not
No Not possible
No, you can't do that

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