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Nri loan to indian partnership firm

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(Querist)
10 May 2012 Can NRI give loan in indian Rs. to a firm @18% interest? at what rate tax to be deducted by indian firm?
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chaitanya cherukuri

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chaitanya cherukuri (Expert)
10 May 2012 Any NRI can Give loan to Indian Firm. elegibility of Loan granting or accepting ultimately depends on its usage. so give purpose for which loan is being taken

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