cash transaction
prasad (government employee) (225 Points)
01 December 2017if the assessee is doing money lending business is there any limitations for advancing the cash loans to others.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168075 Points)
Replied 01 December 2017
If the assessee is doing money lending business is there any limitations for advancing the cash loans to others? |
What sort of licence he has for the business?
Any RBI approval?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(168075 Points)
Replied 02 December 2017
Originally posted by : prasad | ||
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small money lending business | ![]() |
Small money lender without any licence cannot give or take loan of more than 20K in cash.
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