NRI loan emi payment

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This discussion clarifies how an NRI can manage education loan EMI payments to an Indian account. It's confirmed that opening an NRO account is a viable option for this purpose. Regarding taxes, there are generally no liabilities, with the exception of interest earned on the account if it exceeds the basic exemption limit.

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(Querist)
09 December 2024 Hi.
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 December 2024 Yes, she can open NRO account. No tax liability, except tax over interest earned (that too if above basic exemption limit).
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Aditi K

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Aditi K (Querist)
10 December 2024 Okay. Thank you Sir.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
10 December 2024 You are welcome.
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