Loan to relative abroad

153 views
User Avatar

student
333 Points Posted on 11 June 2021
If loan given to relative staying abroad attracts any taxes when repaid?
what is the procedure before 2021 and aftr 2021.
0 Reply Share Follow
On 11 June 2021 at 19:20 Report
Replies (2)
Quick Summary
This discussion clarifies the tax implications when a loan given to a relative living abroad is repaid. It highlights that such loans may be taxable if the lender is a resident in India. The advice covers the procedures applicable both before and after 2021, noting that receiving tax in India generally means you'll have to pay tax on the loan repayment.

User Avatar

Learner
2398 Points Posted on 13 June 2021
It will be taxable if lender is resident in India.
Reply
On 13 June 2021 at 08:22
User Avatar

tax consultant
3306 Points Posted on 13 June 2021
If you received tax in india then you will certainly have to pay tax on the same
Reply
On 13 June 2021 at 11:31

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. Subject: Can I Apply for Fresh GST Registration on
  2. Additional place in GST RC
  3. Company 3 months old, INC-20A not filed, all 3 of
  4. How do I choose the Best GST Lawyers in New Delhi
  5. Loss on sale of residential flat after indexing al
  6. Short Deduction
  7. Large mismatch between AIS Business Receipts and G
  8. Income tax on Australian Stipendiary Steward on 3
  9. INCOME TAX SECTION 92E
  10. Queries on Tax Invoice and GST

More recent discussions | Post

Related Topics :

Loading