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    satyadas76's Avatar
    satyadas76 Posts: 1, Reputation: 1
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    #1

    Dec 16, 2011, 07:15 AM
    Query on closure of housing loan?
    Hi,

    I had taken a housing loan in 2003 and 2007 when I was resident in India. I moved to kenya in 2009. I have enough money to close the 2003 loan and part prepayment of the 2007 loan. Are there any implications now on prepayment since the income is being remitted from outside india while the loan taken was by a resident?

    I am being given to understand there is something called a NRI pancard. I have a valid pancard from the time I was employed in India. Do I need to now get a NRI pancard. If yes , what's the procedure?

    Regards,
    Satya
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Dec 16, 2011, 10:12 AM
    This appears to be an Indian tax question; this forum deals EXCLUSIVELY with U.S. tax issues.

    You should try posting your question to the following forum:

    http://mytaxes.in/
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