How an Indian can Give Loan /Gifts to NRI (Non Resident Indian)
As per Liberalised Remittance Scheme of Reserve Bank of india (Updated as on February 13, 2019) Q Can a resident individual make a rupee loan to a NRI/PIO who is a close relative of resident individual, by of crossed cheque/ electronic transfer? Ans. A resident individual is permitted to make a rupee loan to a… Read More »