Dear Sir
how much unsecured loan we get from a single person in a cash mode please suggest .
19 Replies
Prachi Bansal
(3129 Points)
Replied 04 May 2021
The maximum amount in total that can be received as an unsecured loan is Rs. 10000?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 04 May 2021
200000 rupees should be received in a single day. But if you're repaying loan then 20000 rupees Should be paid in cash in a single day u/s 269
Surinder
(Assistant)
(362 Points)
Replied 04 May 2021
Dear sourav sir so according to you can we received 2 Lac unsecured loan in cash
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 04 May 2021
Yes in cash in a single day
Prachi Bansal
(3129 Points)
Replied 05 May 2021
| Originally posted by : Naveen Kumar | ||
 |
Sourav Sir,here we are talking about Unsecured loan |  |
yes. It's Rs.2,00,000 for a single day right?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
Yes Prachi you're right
Lotus Agrawal
(Practice)
(1361 Points)
Replied 10 May 2021
May I know under which section this is written that you can receive unsecured loan in cash of Rs. 200000?
CA. Sourav Sarkar
(Chartered Accountant )
(24583 Points)
Replied 10 May 2021
Section 269ST prohibits any person to receive an amount of Rs. 2 lakh and above in cash: (i) In aggregate from a person in a day, or (ii) In a single transaction, or (iii) In respect of transactions relating to one event or occasion from a person
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