Unsecure loan

227 views
User Avatar

744 Points Posted on 11 March 2021
18.19 cash loan 32000
19.20 cash loan received 12000
total outstanding 20.21
44000 rs
can we paid through cash
partly payment 8 thousand 9 thounsand monthly
0 Reply Share Follow
On 11 March 2021 at 12:05 Report
Replies (5)
Quick Summary
This discussion clarifies rules surrounding unsecured cash loans, particularly regarding payment limits and penalties. It highlights that cash payments exceeding ₹10,000 in a single day are permitted, but aggregate loans over ₹20,000 are disallowed and incur a 100% penalty. The advice given is to use cheque transactions for amounts over ₹20,000 to avoid penalties, especially if the loan has already been received.

User Avatar

Chartered Accountant
24588 Points Posted on 11 March 2021
Make payment below 10000 rupees in a single transaction in a day. Yes you can pay 8000 or 9000 in cash in a single day
Reply
On 11 March 2021 at 12:32
User Avatar

17269 Points Posted on 11 March 2021
Loan in excess of 20000/- (aggregate) is disallowed. There is penalty of 100%.
Reply
On 11 March 2021 at 13:05
User Avatar

744 Points Posted on 11 March 2021
Kapadia ji yes then wat should i do
Reply
On 11 March 2021 at 13:07
User Avatar

17269 Points Posted on 11 March 2021

If already received, then running a risk of penalty. Otherwise do cheque transactions only. 

Reply
On 11 March 2021 at 14:58
User Avatar

744 Points Posted on 11 March 2021
Is it possible 18.19 received above 20 thousand nd 19.20 recived 5 thousand den ???
Reply
On 11 March 2021 at 15:03

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Gross total income
  2. Export Compliance
  3. Sale of plots in open land
  4. Income tax query
  5. Best CA Inter coaching in laxmi nagar
  6. HOW TO SELL SHARES OF PRIVATE LIMITED COMPANY SOME
  7. Unregistered Association of Persons (AOP) Agreemen
  8. Intimation u/s 245 of income tax act
  9. Ewaybill query
  10. IDS Refund: GSTR-2B Invoice Not Validated in State

More recent discussions | Post

Related Topics :

Loading