Dear Sir/Madam,
one of my friend want to transfer some funds as loan from her sister account who is working in singapore for the purpose of purchase of flat in my friends name. She does'nt have any income in india and the amount which is going to transfer is already taxed in singapore. Is there any tax provisions relating to this??
please guide me to overcome this situation.
There is no tax implication in India for this transfer if the sister is not resident in India
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