S
Sagar Mishra
What is the maximum limit of outgoing and incoming transaction , by an Indian resident to a foreign ewallet like Entropay, Neteller, etc.?
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Vijay Nirmal
My father was establish Pvt Ltd firm in 1984 ,stop work in1996 due to financial problem,bill amount pending about 6cr.(prin+int) rupees counter claim against wrd Maharashtra there two claim ,one arbitration award given only 26 lakhs,put matter in court in 2010 another claim about 1.5 Cr rupees matter put in arbitration, and also want put matter of pwd Maharashtra in arbitration but my father was death so I can not managed such big thinks so I want person who buy firm by retire other partner.so the firm 2 partner one is sleeping partner so please advice me
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S
Sagar Mishra
Upon granting a NRI friend a loan what is the highest rate of interest permissible to be charged?
S
Sagar Mishra
I have been learning about Binary Options for quite some time now. I trade on a demo account. In India Binary Options are unregulated, so their legality is questionable, not saying that they are illegal. I want to trade on a real account in a legal way. A lawyer suggested to loan some money to a NRI friend (there Binary Options are legal), which he will transfer to binary options. My query is what is the highest rate of interest that can we can charge while granting loan to a NRI friend. Please provide all details. Is there any other way we can go about Binary options in a legal way?
There is no such law which talks about highest rate of interest for loan
T&C applyS
Shrikant Ghike
Am I eligible to claim deduction under section 24b of Income Tax on the interest on top up loan used for renovation and reconstruction of my flat?
Under 24B you can claim interest payable on loan,(Accrued or paid whichever is higher)
With respect to principal repayment you can claim deduction under 80C of Income tax act on payment basis and not on accrual basis.
