https://www.taxtmi.com/forum/issue?id=108991 Applicability centers on whether a Nidhi company's receipt of cash deposits from members and cash repayment of member loans contravenes the statutory prohibitions on large cash transactions. The company accepts recurring deposit, fixed deposit and savings contributions in small daily cash amounts from members and must assess whether such cumulative or single receipts fall within the prohibition under sections 269SS and 269T that restrict receipt and acceptance of specified sums in cash; repayments for unsecured member loans must be similarly evaluated. en-us Wed, 05 Aug 2015 13:15:12 +0530 Thu, 23 Jan 2025 15:56:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108991 Applicability centers on whether a Nidhi company's receipt of cash deposits from members and cash repayment of member loans contravenes the statutory prohibitions on large cash transactions. The company accepts recurring deposit, fixed deposit and savings contributions in small daily cash amounts from members and must assess whether such cumulative or single receipts fall within the prohibition under sections 269SS and 269T that restrict receipt and acceptance of specified sums in cash; repayments for unsecured member loans must be similarly evaluated. Discussion-Forum Income Tax Wed, 05 Aug 2015 13:15:12 +0530 https://www.taxtmi.com/forum/issue?id=108991