6 Replies
Bhavya Arora
(shorly opening my own firm)
(50 Points)
Replied 03 June 2010
ummmm.......... well i dont know.... Waiting for answer
CA Mukul Mittal
(CA in practice)
(384 Points)
Replied 06 June 2010
allowed..
disclosures required are amount of loan, rate of interest at which thwe loan is availed
amit
(Ca final Artical)
(33 Points)
Replied 21 June 2010
there is no such restriction in this case but you will have to consider accounting standered 18 in this regard & also sec 269ss & 269t of income tax act. the rate of interest should be equivalent or nearest to market rate of interest.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FD)
(7024 Points)
Replied 04 July 2011
The same shall be covered under External Commercial Borrowings(ECB)guidelines of RBI. You need to follow the guidelines before taking any loan in foreign currency.
Anuj
091-9810106211
CS,CA F,Numrologi TusharSampat
(CS CA F Numerologist Astrologer Graph)
(85935 Points)
Replied 04 July 2011
| Originally posted by : CA. Anuj Gupta | ||
 |
The same shall be covered under External Commercial Borrowings(ECB)guidelines of RBI. You need to follow the guidelines before taking any loan in foreign currency. |
 |
rahul
(Chartered Accountant)
(5572 Points)
Replied 04 July 2011
| Originally posted by : CA. Anuj Gupta | ||
|
|
The same shall be covered under External Commercial Borrowings(ECB)guidelines of RBI. You need to follow the guidelines before taking any loan in foreign currency. Anuj 091-9810106211 |
|
Thanks Sir
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