Advance

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 July 2013 Dear Sir,
As cash loan is restricted u/s 269. Whether the manufacturer can receive cash as advance for goods that will be sold in next month to payer.

Prashanth

Prashanth (Expert)
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21 July 2013 Hello,

Sec-269,uses Both Loan and Advance word.

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