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Unsecured loans in cash

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Lotus Agrawal

Lotus Agrawal (Practice) (1356 Points)
Replied 10 May 2021

But 269SS is specifically for accepting loan and limit is 20000.


CMA Poornima Madhava

CMA Poornima Madhava (CMA) (13097 Points)
Replied 10 May 2021

As per section 269SS, you may receive cash loan up to Rs.19,999 (<20,000) in a FY.


Lotus Agrawal

Lotus Agrawal (Practice) (1356 Points)
Replied 10 May 2021

Yes. This is what I am saying. For loan 269SS will apply not 269ST.
1 Like

CMA Poornima Madhava

CMA Poornima Madhava (CMA) (13097 Points)
Replied 10 May 2021

Yes, you are right. I seconded your response.

1 Like

Lotus Agrawal

Lotus Agrawal (Practice) (1356 Points)
Replied 10 May 2021

Yes. Thank u.




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