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Tax Implication on loan by NRI to another NRI above INR 30 lakhs
I am an NRI in KSA . I paid a loan of 30 Lakhs (interest-free) to my UK friend during FY 2013-14. I paid it 15 lakhs from my NRO A/C and 15 Lakhs from my NRE A/c.
My fund source in both A/cs is my ...
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