Repayment of unsecured loan...

V S L (Accountant) (54 Points)

14 August 2015  

1. My Client have Unsecured Loan of Rs. 112000/- with interest. He paid Rs. 100000/- by cheque but remaining Rs. 12000/- by cash is any penalty Section attract.

2. Receiving Advance Cash Rs.19500/- per day against Sales transaction in future which invoice value is Rs. 2,00,000/-. is any penalty Section attract.

3. Payment of Bill Rs. 2,00,000/- after sales transaction paid Rs. 19500/- per day and Receipts taken. is allowed or not?

Expert Comments Please.