Repayment of loan in cash

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157 Points Posted on 13 December 2020
I have received rs 10 lac in my proprietor ship firm from individual through cheque. how much amount i can pay him back in cash in a year.
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On 13 December 2020 at 19:06 Report
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Quick Summary
This discussion clarifies the rules around repaying loans in cash. Specifically, it addresses the limit for cash repayments within a financial year. The general guidance provided is that you cannot repay a loan exceeding £20,000 in cash within a single financial year.

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Legal Services
172 Points Posted on 13 December 2020
20000
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On 13 December 2020 at 20:00
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Accountant
3662 Points Posted on 13 December 2020
You can not repayment of loan above Rs. 20000 in cash in a FY
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On 13 December 2020 at 23:01

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