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
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Un secured loans received amount any limit provision applicable
Replies (2)
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
Provisions are applicable
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