Loan for Business, Income Tax

[sourabh jain]

Can we Take a Loan in cash For Extension of Business , If Yes How Much Amount can we Taken , So that we Can Proof Our Part

Thanks and Regards

Sourabh Jain

Posts / Replies

[A M DESHMUKH]

Dear Friend

Please do not take any loan in cash unless there is husband - wife relationship. Discourage your client from taking such cash loans. In case of husband - wife even if it is allowed, i personally discourage all such transactions to my clients.