Laon from Foreign Subsidiary

ummmm.......... well i dont know.... Waiting for answer

allowed..

disclosures required are amount of loan, rate of interest at which thwe loan is availed

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.

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

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