CA Day celebration 2024 Easy Office
LCI Learning

Loan in cash to blood relative.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
27 June 2013 Can we provide the loan in cash to our blood relatives. please describe in detail.
Profile Image

CA Sourabh Agarwal

Profile Image

CA Sourabh Agarwal (Expert)
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.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CA Day celebration 2024 with Tally CCI Pro

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links