I want to remitt nearly Euro 25,000 (as loan with interest under loan agreement) to my father from India to Hungary. My father will use the loan amount for his business operations and business development. Can anyone tell me about the tax implications over the same and the procedure of remittance as well. Is it mandatory to fill form 15CA ana 15CB for remittance of the said amount. Please reply as soon as possible. Thanks in advance.
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Remittance
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