Hi , Reading the below lines from form 3CD, we can draw out the infernces that only loans in excess of limit to be reported :
Particulars of each loan or deposit in an amount
exceeding the limit specified in section 269SS taken or
accepted during the previous year :—
(i) name, address and permanent account number (if
available with the assessee) of the lender or
depositor;
(ii) amount of loan or deposit taken or accepted;
(iii) whether the loan or deposit was squared up during the
previous year;
(iv) maximum amount outstanding in the account at any
time during the previous year;
(v) whether the loan or deposit was taken or accepted
otherwise than by an account payee cheque or an
account payee bank draft.
*(These particulars need not be given in the case of a
Government company, a banking company or a
corporation established by a Central, State or Provincial
Act.)
(b) Particulars of each repayment of loan or deposit in an
amount exceeding the limit specified in section 269T
made during the previous year :— [ITR62;3CD,1]<1>
Printed From
(i) name, address and permanent account number (if
available with the assessee) of the payee;
(ii) amount of the repayment;
(iii) maximum amount outstanding in the account at
any time during the previous year;
(iv) whether the repayment was made otherwise than
by account payee cheque or account pay