Loan amount paid in cash in excess of 20000

This query is : Resolved 

14 June 2012 dear sir,amount paid in excess of 20000 is the violation u/s 269T &269S



14 June 2012 Section 269SS prohibits accepting loans in cash in excess of Rs. 20,000.

Section 269T prohibits repayment of loan in cash in excess of Rs. 20,000.



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