Hi CA Rockstars!
A quick tricky questions for you. I have an Edu loan. My father is the gauranter, so he has the loan too (theoretically).
While working from home nowadays, I'm paying my rent to dad (₹20k per month deposit in his account). What if he decides to put that ₹20k monthly in paying the Edu loan that is being visible in his account (since he is the gauranter, the loan amount actually shows in his account too).
Am I or Dad playing it right? Any wrongdoing or any future problem that these transactions could create for us?
Let me know.