som108
Jun 9, 2008, 11:38 PM
Sir / madam
My daughter took educational loan to study in USA. Now she has completed her studies and wants to repay the loan by transferring $ to my account and I shall pay in Rs to the bank through my cheque. Does this procedure put any tax liability on me?
Thank you and regards
Som
My daughter took educational loan to study in USA. Now she has completed her studies and wants to repay the loan by transferring $ to my account and I shall pay in Rs to the bank through my cheque. Does this procedure put any tax liability on me?
Thank you and regards
Som