Dear Sir
how much unsecured loan we get from a single person in a cash mode please suggest .
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Unsecured loans in cash
Replies (19)
Rs. 10000
The maximum amount in total that can be received as an unsecured loan is Rs. 10000?
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
20000 under section 269SS
Dear sourav sir so according to you can we received 2 Lac unsecured loan in cash
Yes in cash in a single day
Under which section?
Sourav Sir,
here we are talking about Unsecured loan
here we are talking about Unsecured loan
| Originally posted by : Naveen Kumar | ||
 |
Sourav Sir,here we are talking about Unsecured loan |  |
yes. It's Rs.2,00,000 for a single day right?
Yes Prachi you're right
May I know under which section this is written that you can receive unsecured loan in cash of Rs. 200000?
Refer section 269ST
Is 269ST for loan?
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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