Car loan from parents interest free

Tax queries 173 views 3 replies

Hi, Please let me know:

Can I take interest free car loan from parents.

And do we need to show the same anywhere in income tax form??

Thanks

Replies (3)
You mean amount received from parent and buy car.
right...??!
Taking amount from parents for interest free is very much allowed
It's not a loan from blood relation.


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