Is nessesery to audit if loan taken from indivisual i.e unsecured ?.
Vishal joshi (lawyer) (61 Points)
21 March 2018
Is nessesery to audit if loan taken from indivisual i.e unsecured ?.
1 Replies
krishnamohan
(sr.auditor)
(49 Points)
Replied 30 March 2018
not necessary.
AY 2017-18
the limit extended upto 50 lakhs for tax audit.
anyway, if the loan is unsecured.
one has to provide PAN number and address of the person.
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