unsecured loans
Vishal Jain (42 Points)
28 April 2018
What is maximum amount unsecured loan in cash?
2 Replies
Sulab Filings
(Director)
(57 Points)
Replied 28 April 2018
Rs.20000/- anything beyond that will attract provisions of Section 269SS. Penalty will be 100% of the amount under Section 269T
Kantu Sharma
(57 Points)
Replied 28 April 2018
any amount borrowed otherwise than by account payee cheque, bank draft or ECS through a banking channel beyond specified limit than penalty is equal to amount so borrowed. Prescribed limit is 20000
Recent Topics
- HSN Summary B2B and B2C
- DRC-01 Demand Notice for filing GSTR-9 Wrongly
- Income Tax for freelancing services
- Income Tax Return Filing Reg
- DRC 03 payment method
- GST Registration for Service Providers
- Tax for individual freelancing service providers
- LUT Number confusion! ARN or Reference Number
- Section 44ADA Query - 75 Lakh Limit Clarification
- GST on Rent RCM
Related Threads
CAclubindia
