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Loan repayment

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(Querist)
20 November 2016 Sir,
If someone pays personal loan installment,amount more than 20000 in cash then is it contravention of sec 269SS??
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 November 2016 Yes, u must pay the loan above 20K through bank only.
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Ayushi bhatt

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Ayushi bhatt (Querist)
21 November 2016 Thnku you sir fr clearing doubt..
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Ayushi bhatt

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Ayushi bhatt (Querist)
21 November 2016 mns one can deposit cash more than 20000 in bank ,for personal bank loan?
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Sandeep Dharar

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Sandeep Dharar (Expert)
21 November 2016 U r welcome dear. There is no limit in depositing cash in Bank Account.

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