Un secured loans received amount any limit provision applicable
Kollipara Sundaraiah (B.com) (2982 Points)
17 December 2023question:
assessess un secured loans amount any limit provision in it act
Kollipara Sundaraiah (B.com) (2982 Points)
17 December 2023
Manoj Krishnan
(8 Points)
Replied 18 December 2023
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
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India