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Loan or gift from NRI for business?
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Answer / muruasm
Hi, Recently i have started a company. My father in law
(NRI) is willing to provide some financial assistance for
the company, which one is the best way to receive the money,
in my name, wife's name or company name. it's like a gift
amount, what will be the tax treatment in this reg.. (he is
not willing to become a shareholder of the company)
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