Hi,
I need some small clarification regarding the following matter-
What is the best way to pump in NRI funds to India for an Investment to family member.
According to best of my knowledge there are two ways.
1. Sending In form of Interest free loan.
2. Giving as gift to family member.
If these two are right please provide me with other conditions-
ü No of times for gift
ü Amount allowed, in case of interest free loan and up to how many years and
ü Any other conditions that is required to be fulfilled
Quote the proper section number and any other details like case laws etc., if any other details.
Please help me in this issue, thanks in advance.
CAclubindia
