Easy Office
LCI Learning

Cash loans

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 October 2013 whether loans taken from wife or relatives more than 20,000 in cash are allowable as per income tax act?
Profile Image

CA Rinkal

Profile Image

CA Rinkal (Expert)
19 October 2013 no

in case of loan you can not receive the same other than by a/c. payee cheque or DD
(Section 269SS)

the same will be disallow and will be taxed..

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links