Unsecure loan

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
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.

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
Loan in excess of 20000/- (aggregate) is disallowed. There is penalty of 100%.
Kapadia ji yes then wat should i do

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

Is it possible 18.19 received above 20 thousand nd 19.20 recived 5 thousand den ???

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