Interest on loan

This query is : Resolved 

01 May 2014 Whether Interest can be paid in cash if Loan and Interest both exceeds Rs. 20000 ???

02 May 2014 receiving loan in cash in excess would violate 269SS.

repaying principal and interest in cash would violate 269T.


02 May 2014 no you can not pay both is cash as
mention section by nikhil




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