Poonawalla fincorps
Poonawalla fincorps

Helping relative for home repayment

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Querist : Anonymous

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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.
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K Srinivas, CMA CS

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K Srinivas, CMA CS (Expert)
30 August 2017 You can make it as a gift.

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