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Unsecrued loan

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Querist : Anonymous

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Querist : Anonymous (Querist)
21 September 2013 Dear Sir,
Unsecured loan taken from a person Rs. 90000/- in fy 2012-13. Loan was taken in cash in 6 instalments of 15000/- .

Whether it encroaches Sec. 269 or not.
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CA Parul Saxena

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CA Parul Saxena (Expert)
21 September 2013 no section 269 not attracted as amount is not received in single installment exceeding 20000

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