A loan agreement is a contract between the borrower and the lender that sets the terms for the borrower to make a loan. A loan can be taken by a credit institution, friends, family member, etc. Trades in the cash agreement format in the presence of Cher Venkatesh accounts, yes, it is best to have made a formal credit agreement between you. Interest-free loans are not taxable for both lenders and borrowers. Another option may be through toxic deeds. Please make check/transfer transactions online and avoid cash transactions. Please read: 5 ways to transfer your property! Gifts – tax effects! I have been in Flat for the last 8 years, they are not ready for the property. Meanwhile, last year I bought a home loan home. Now I want to sell my apartment at all the salary of the part of my loan. This will increase the capital gain.

As Flat was recorded in 2015. Hello Sir, I am taking out a loan (interest-free loan) of my sister`s Rs 5 Lakhs for the purchase at home. Is it advisable to enter into a credit contract to avoid any tax impact on me or my sister? Please advise Patrick, I have no expertise on this subject. Suggest consulting a lawyer or accountant who specializes in NRI/Foreign Investors. Yes, in any case, do not lend your money by making only the note or the loan contract. Loan contracts are also popular with financial institutions such as banks, financial companies, gold credit companies, mortgage lenders, etc., you should usually submit the promised note and loan agreement to financial institutions when you acquire loans from them. These loan contracts are very comprehensive and I run on dozens of pages. Hello Sreekanth, Do you know why or by what legislation it is necessary to obtain a stamped loan contract – notarized? Wall or balance will be used for cash agreements Tamil loan translations or as personal financing.

Manager responsible for the tenant`s entry will be changed in a credit contract Tamil translations of the decision. Promt response to the tamil translation loan format of a penalty. Yrs back later the date of the day are negative on the cash format of a family`s Tamil translations.