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Is nessesery to audit if loan taken from indivisual i.e unsecured ?.
Is nessesery to audit if loan taken from indivisual i.e unsecured ?.
Replies (1)
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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