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(Querist)
19 April 2012 MY CLINET HAS TAKEN LOAN FROM NRI OF RS. 10 LACS . THE LOAN TAKEN IN INDIAN CURRENCY AND INTEREST IS @ 12% P.A. .

A. WHAT WILL THE TDS RATE AND IN WHICH SECTION ?

B. ANY OTHER FORMALITIES TO BE COMPLETED FOR TAKING SUCH LOAN ?
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CA. Anuj Gupta

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CA. Anuj Gupta (Expert)
20 April 2012 FEMA doesn't permit taking of loans from NRI untill some conditions are met.

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