All Questions
3
questions
2
votes
1
answer
79
views
NRI loan repayment in India
One NRI took loan from me (also NRI) in Saudi Arabia, but about 2 months ago left for good to India.
Now he has no option but to pay me in India, this money that he will transfer to my account may ...
- 21
3
votes
1
answer
157
views
How do I minimize taxes when transferring money to my wife and child?
I, as US non-resident, transferred some money from my US bank account into my wife's and son's US bank accounts. Some people say that it is classified as a gift and obligated for taxation, because we ...
- 31
0
votes
1
answer
109
views
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 ...
- 11