it assessess un secured loans from different persons total amount rs:25 lacs received.
question:
assessess un secured loans amount any limit provision in it act
There is no limit but it has to be an Bank transfer any cash given even below 20000 will be looked with Suspicion the people who have given these loans need to show it on their ITR if not they will be in trouble
Open Co Consulting LLP
New Delhi
B.Com
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Karia Overseas
Ahmedabad
CA
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Aggarwal Sarawagi and Co
New Delhi
CA
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CAclubindia
