Poonawalla fincorps
Poonawalla fincorps

Loan to family member

This query is : Resolved 
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(Querist)
19 March 2014 Can an Individual give loan to its
family members like - wife, father, mother, son, daughter, brother....Regards
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
19 March 2014 Yes an individual can give loan to his family members. However, ensure that the loan is NOT in cash.

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