giving money to friend with out interest?


viswanath chunduri   20 June 2019

viswanath chunduri

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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.

Jatin (Accountant)     20 June 2019

Jatin
Accountant 
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No problems, you can pay loan

viswanath chunduri   21 June 2019

viswanath chunduri

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plz give clarification

Jatin (Accountant)     22 June 2019

Jatin
Accountant 
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As per income tax rules , no restriction


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