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Loan by NRI

This query is : Resolved 
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(Querist)
20 December 2019 An NRI taken loan from India and he wanted to transfer fund to his own account in abroad . Is it possible?. If yes, whether form 15CB required or not?
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Amol S Joglekar

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Amol S Joglekar (Expert)
20 December 2019 It will depend upon the terms of loan if he can transfer the funds to his account abroad. Please check the same.
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