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Repayment of loan

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(Querist)
06 July 2013

Is allowed or dis allowed the cash payment as per income tax act in the following case?

An individual made loan from relatives for construction his house without interest then one lakh repaid to them through cash
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
07 July 2013 what is your query?. under which income you are asking allowable?

your case sec.269ss & 269t will apply

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