I would like to know if an Indian resident can borrow money from a non resident who is not his relative, on a non-repatriation basis?
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help..doubt!
Replies (5)
yes it can borrow the money
yes, Indian resident can borrow money from a non resident (Relative or not).
any other doubt sir regarding residential status
thanks for ur help
Dear Sir,
This link may help you but pls confirm from a relaible source that law has not changed since then (cos this article was wriiten in August 2006)
https://www.moneycontrol.com/news/nri-experts/repatriable-loans-to-be-freeinterest_231641.html
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