LCI Learning

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

ravi (senior accountant)     18 July 2011

Money lending Business

Hi All, We have a money lending business and we get Rs.250000/- per annum my first question is 1. can we have small money lending business without formal licence because I am filing my IT return basing money lending receipts. 2. whether licence is mendatory 3. is there any exemption limit where ther is no need to obtain licence. 4. Who is the licencing authority in Andhra Pradesh. 5 Where are the offices located in Andhra pradesh cos we need licence to operate at tirupati, AP.6 What are the qualifications and requirements for taking a license under such money lending act.


 1 Replies

harpreetdhanvi (Legal Officer)     02 January 2012

money lending liscence is required

Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register