Nre account.
This query is : Resolved
23 April 2019
My son a NRI is working abroad, now he is planning to take a loan of euro 25,000.00 in Germany.
As per Indian law can he transfer the loan amount through NRE account to India. (we like to use this amount to clear existing loan standing in his father's name)
Regards
Vaidhyanath.
Bengaluru
As per Indian law can he transfer the loan amount through NRE account to India. (we like to use this amount to clear existing loan standing in his father's name)
Regards
Vaidhyanath.
Bengaluru
23 April 2019
NRE account is only for keeping in deposit of foreign currency. Transfer the money directly to father's account or to relatives account.
Message likes :
1 times
23 April 2019
Thank you, will transfer the funds into local account and use it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR -1 Filing
- Section 54 f disallowed will be taxed at what rate
- TWO FIRM NAME IN ONE GST NUMBER
- Transportation of Petrol, Diesel by GTA and Other than GTA
- Trust 10AB form required for old asst. years?
- TDS whether applicable or not in case of Flat purchase
- Eway issued more than one
- SEA GOING ALLOWANCE
- IGST Refund pending since June 2022.
- Transfer of Rectification Rights to the Jurisdictional Assessing Officer
- CHANGE IN PARTICULARS OF DIRECTOR
- Pension Misclassification and Correction in Filed ITRs
- Gratuity payment criteria
- Procedure and Documents Required for Release of FD from DVAT
- How to rectify gstr1 credit note
- Non- payment of GST on supply of services- reg
- Other party gstin shown on my login id
- Accumulated surplus exceeding 15%
- Different GST Number MEESHO
- Query on TDS Section 194H
Trending Online Classes
CAclubindia
