Ban on Cash receipt of Rs 2 Lakhs Shall apply on one Instalment of Loan for NBFC – Circular No. 22 of 2017 [ Income Tax ] Dated 03rd July, 2017
Circular No. 22 of 2017 [ Income Tax ] Dated 03rd July, 2017 Summary : The receipt of one instalment of loan repayment in respect of a loan shall constitute a ‘single transaction’ as specified in clause (b) of section 269ST of the Act and all the instalments paid for a loan shall not be aggregated for… Read More »