Cash emi payment limit in month and year
NIRANJAN KAUSHIK (2 Points)
09 August 2023
how many cash emi amount will be paid during the month and year for NBFC COMPANY
3 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 09 August 2023
@ Niranjan,
As per the circular, being a loan payer you can repay your loan EMI to your respective bank, NBFC and HFC in cash if it's less than 2 Lakhs. The circular was issued in reference to the introduction of new Section 269ST by Indian Finance Act, 2017 during the budget.
As per the circular, being a loan payer you can repay your loan EMI to your respective bank, NBFC and HFC in cash if it's less than 2 Lakhs. The circular was issued in reference to the introduction of new Section 269ST by Indian Finance Act, 2017 during the budget.
sabyasachi mukherjee
(27579 Points)
Replied 09 August 2023
This sec 269St was issued to ease the complications raised by cash payment amounting to less than rs.199999 .
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