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repayment of loan

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(Querist)
28 February 2010 can loan taken from friend be repaid in cash.
plz highlight wit section pros & cons of pay loan by cash

thank you all
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M Prabhakar Menon

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M Prabhakar Menon (Expert)
03 March 2010 Cash transactions above Rs20,000 are restricted u/s 269SS of the Income Tax Act 1961.

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