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    som108's Avatar
    som108 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Jun 9, 2008, 11:38 PM
    Repaying Edu loan from US through parents account in India
    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
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Jun 10, 2008, 02:24 AM
    No, there is no tax liability to you. In India, you can receive any amount from your daughter or son.
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