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Is Lending Cash to Relatives Illegal? Understanding Section 269SS of the Income Tax Act
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Is Lending Cash to Relatives Illegal? Understanding Section 269SS of the Income Tax Act

Is it illegal to lend cash to relatives in India? Section 269SS of the Income Tax Act prohibits cash loans above ₹20,000 and violations attract penalty under Section 271D equal to…

Income Tax Act 1961 Section 269SS Section 271D Section 273B Cash Transaction Limit Family Loans Black Money Law Tax Penalty India Supreme Court of India A.B. Shanthi Case Bombay High Court Madras High Court Financial Compliance
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