Section 269 T
Kumar Bishwajeet (Article) (68 Points)
02 February 2021
What is the current limit of cash transaction as per section 269 T (loan repayment).?
3 Replies
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 02 February 2021
As per Sec 269T, limit of loan repayment is Rs. 0 if amount of loan exceeds Rs.20000
Kapadia Pravin
(17259 Points)
Replied 02 February 2021
There is a loan repayment limit of 20000/- or more only by account payee cheque or electronic mode under 269T. Amount of repayment falling below 20000/- may be in cash mode then it's okay.
nipun
(Student CA IPC / IPCC)
(34 Points)
Replied 03 February 2021
A person can not repay loan or deposit in CASH if the amount is 20000 or more.
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