Whether loan taken through RTGS above Rs. 20000 is violation of Section 269SS of Income Tax Act 1961?
Whether loan taken through RTGS above Rs. 20000 is violation of Section 269SS of Income Tax Act 1961?
If loan is taken through cash then only it is violation. If it is through RTGS it is not a violation, as is it one of the payment mode through banking channels.
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