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About loans

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13 September 2013 can i give an interest free loan to my family member or to other relative n how much can i give.

there will be impact of any kind of tax on it.
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Nikhil Kaushik online

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Nikhil Kaushik online (Expert)
13 September 2013 there should not be any tax impact. Give the interest free loan via a/c payee cheque or wire transfer. Document the transaction and pay appropriate stamp duty.

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