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giving money to friend with out interest?
i am a tax payer ,my friend want money for his family needs ,he told that he should repay it with in 2 years, i want to give 2 lakhs rupees to my friend for 2 years ,for his needs with out interest? is there any further problems from income tax department ,by giving with out interest,i want to give through rtgs.so plz give the advice.
Replies (3)
No problems, you can pay loan
plz give clarification
As per income tax rules , no restriction
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