Loan in cash to blood relative.
This query is : Resolved
27 June 2013
Can we provide the loan in cash to our blood relatives. please describe in detail.
27 June 2013
Providing loan in cash violates Sec. 269SS for receiver, if amount equal to, or exceeds Rs. 20,000.
Blood relatives is of no use in such case.
Blood relatives is of no use in such case.
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