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Regarding unsecured loan

This query is : Resolved 
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(Querist)
14 August 2013 Whether a person can take loan or deposit through NEFT/RTGS and does it contravention of Section 269SS?
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
14 August 2013 Yes loan can be obtained through NEFT/RTGS. It will be compliance with Section 269SS since Section 269SS prohibits acceptance of loan in cash.

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