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Unsecured loans in cash

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Assistant
362 Points Posted on 04 May 2021
Dear Sir

how much unsecured loan we get from a single person in a cash mode please suggest .
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On 04 May 2021 at 07:48 Report
Replies (19)
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Practising CA
8954 Points Posted on 04 May 2021
Rs. 10000
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On 04 May 2021 at 08:41
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3134 Points Posted on 04 May 2021

The maximum amount in total that can be received as an unsecured loan is Rs. 10000?

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On 04 May 2021 at 08:51
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Chartered Accountant
24588 Points Posted on 04 May 2021
200000 rupees should be received in a single day. But if you're repaying loan then 20000 rupees Should be paid in cash in a single day u/s 269
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On 04 May 2021 at 10:07
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Practice
1361 Points Posted on 04 May 2021
20000 under section 269SS
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On 04 May 2021 at 19:32
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Assistant
362 Points Posted on 04 May 2021
Dear sourav sir so according to you can we received 2 Lac unsecured loan in cash
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On 04 May 2021 at 20:21
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Chartered Accountant
24588 Points Posted on 04 May 2021
Yes in cash in a single day
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On 04 May 2021 at 22:09
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Practice
1361 Points Posted on 04 May 2021
Under which section?
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On 04 May 2021 at 22:13
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629 Points Posted on 04 May 2021
Sourav Sir,
here we are talking about Unsecured loan
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On 04 May 2021 at 22:14
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3134 Points Posted on 05 May 2021
Originally posted by : Naveen Kumar
open quote Sourav Sir,here we are talking about Unsecured loan close quote

yes. It's Rs.2,00,000 for a single day right?

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On 05 May 2021 at 10:11
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Chartered Accountant
24588 Points Posted on 10 May 2021
Yes Prachi you're right
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On 10 May 2021 at 06:19
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Practice
1361 Points Posted on 10 May 2021
May I know under which section this is written that you can receive unsecured loan in cash of Rs. 200000?
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On 10 May 2021 at 08:43
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Chartered Accountant
24588 Points Posted on 10 May 2021
Refer section 269ST
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On 10 May 2021 at 09:19
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Practice
1361 Points Posted on 10 May 2021
Is 269ST for loan?
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On 10 May 2021 at 12:04
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Chartered Accountant
24588 Points Posted on 10 May 2021
Section 269ST prohibits any person to receive an amount of Rs. 2 lakh and above in cash: (i) In aggregate from a person in a day, or (ii) In a single transaction, or (iii) In respect of transactions relating to one event or occasion from a person
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On 10 May 2021 at 14:34


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