Nri advance loan to his brother
This query is : Resolved
24 February 2021
AN NRI WANTS TO ADVANCE TO HIS BROTHER IN INDIA FOR HIS BROTHER'S BUSINESS NEEDS. WHAT FORMALITIES NEEDED TO FULFIL AS PER FEMA ACT & INCOME TAX ACT. NRI NOW SETTLED IN USA AND WHO IS HAVING NRO A/C IN INDIA
24 February 2021
Transfer it as gift to the account of his brother. No need for any FEMA or income tax formalities.
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
- Wrong payment entry made
- CG Account Scheme
- GST & ITR Reporting for YouTuber with US Viewership and Adsense Income
- Registration of Transporters under GST
- Compensation received from electricity transmission company for installation of High tension line
- Does non filing of income tax return considered as opting out of 44AD
- PF Withdrawal Reporting in ITR
- DIR 12 for appointment and resignation
- Input on premium employees group insurance
- Regarding Chartered Accountant
- Capex or opex
- I am works contractor
- Bill to ship to model
- How to entry Interest on security deposit
- Transporter cash payment limit
- MSME Registration Cancelled in Partnership not allowing in propreitorship
- Is correct way to do journal entry of salary
- What is method of calculation of Gratuity and Bonus
- Salary from HO to Branches
- GSRE 4 not filed last 3 years
Trending Online Classes
CAclubindia
