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269 SS of Inxcome Tax act., Income Tax

Issue Id: - 108388
Dated: 8-4-2015
By:- sanjay soman

269 SS of Inxcome Tax act.


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Can a Money lender give loan in cash more than ₹ 20000/- or accept repayment repayment of loans more than ₹ 20000/-.If not can NBFC give loan more than ₹ 20000/- in cash.It is learnt that some reknowned finance companies are giving loans against gold more than ₹ 20000/- in cash.They are paying up to ₹ 99999/- in cash.Pl Guide.

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