NRI loan emi payment
This query is : Resolved
09 December 2024
Hi.
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)
My sister is an NRI. Can she pay her education loan emi directly to her Indian Loan account? If not, should she open an NRO/ NRE account for this purpose? Also are there any tax implications. (The account will be used only for repayment of loan emi)
10 December 2024
Yes, she can open NRO account. No tax liability, except tax over interest earned (that too if above basic exemption limit).
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10 December 2024
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