Helping relative for home repayment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 August 2017
I want to help my brother in law by giving Rs 4 Lakh (interest-free) as home loan repayment.What are the tax implication on both side, required documentation/declaration to be done, and mode of transfer of money under India IT Law.
30 August 2017
You can make it as a gift.
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