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Interest free loan given

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 May 2015 can wife given a interest free loan to her family like husband, father in law. and how much amount ?
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Vishrut Shah

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Vishrut Shah (Expert)
12 May 2015 It can be only given if following conditions are satisfied :

(1) it is in personal capacity. None fo them is running any business or services

(2) Cost of such fund is Zero.

(3) Source of Fund is legally justifiable.

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