If loan given to relative staying abroad attracts any taxes when repaid?
what is the procedure before 2021 and aftr 2021.
2 Replies
Sivaramaraju G
(Learner)
(2398 Points)
Replied 13 June 2021
It will be taxable if lender is resident in India.
veerendar singh
(tax consultant)
(3301 Points)
Replied 13 June 2021
If you received tax in india then you will certainly have to pay tax on the same
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