help..doubt!

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?

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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