there is a unsecured loan in books from a related pvt co from 2009-10 & want to be nill in 2012-13 by cash payment in instaalment of 20000 on different dates, it is corect or there is any dificulties as per inome tax act.
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Unsecured loan
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once the amt of loan exceeds rs.20000 u can't repay it in cash...
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