https://www.taxtmi.com/acts?id=17086 Rupee loans from a resident individual to a Non-Resident Indian relative are permitted if made by crossed cheque or electronic transfer, are interest-free with a prescribed minimum maturity, remain within the Liberalised Remittance Scheme limit for the financial year, are credited to the NRO account, are not remittable abroad, are used only for permitted personal or business purposes in India, exclude prohibited investment activities, and are repayable by inward remittance, debit to the borrower's NRO/NRE/FCNR account, or from sale proceeds of pledged assets. en-us Sat, 12 Jan 2013 13:02:00 +0530 Thu, 26 Jun 2025 15:14:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=17086 Rupee loans from a resident individual to a Non-Resident Indian relative are permitted if made by crossed cheque or electronic transfer, are interest-free with a prescribed minimum maturity, remain within the Liberalised Remittance Scheme limit for the financial year, are credited to the NRO account, are not remittable abroad, are used only for permitted personal or business purposes in India, exclude prohibited investment activities, and are repayable by inward remittance, debit to the borrower's NRO/NRE/FCNR account, or from sale proceeds of pledged assets. Act-Rules FEMA Sat, 12 Jan 2013 13:02:00 +0530 https://www.taxtmi.com/acts?id=17086