About loans
This query is : Resolved
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.
there will be impact of any kind of tax on it.
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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