Borrowing large sums of money from family | Home Credit India

Borrowing large sums of money from family

How Much Can you Loan a Family Member?

loan to family member tax implications India

This is a purely subjective matter. If you’ve got the financial means, you may want to reckon giving money to family members with no strings attached. For this financial year, family members can lend as much as they like as an individual without triggering gift tax laws. Loan to Family member Tax Implications India Does any loan to a family