https://www.taxtmi.com/circulars?id=11550 Repayment of loans from close relatives outside India may be credited to the lender's NRE or FCNR(B) account only if the original loan to the resident was by inward remittance through normal banking channels or by debit to the lender's NRE/FCNR(B) account and the lender is eligible to open such accounts; such credit will be treated as an eligible credit to NRE/FCNR(B) accounts under Para 3(j) of Schedule 1 read with Para 5 of Schedule 2 of the Deposit Regulations. en-us Wed, 21 Mar 2012 00:00:00 +0530 Wed, 21 Mar 2012 16:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11550 Repayment of loans from close relatives outside India may be credited to the lender's NRE or FCNR(B) account only if the original loan to the resident was by inward remittance through normal banking channels or by debit to the lender's NRE/FCNR(B) account and the lender is eligible to open such accounts; such credit will be treated as an eligible credit to NRE/FCNR(B) accounts under Para 3(j) of Schedule 1 read with Para 5 of Schedule 2 of the Deposit Regulations. Circulars FEMA Wed, 21 Mar 2012 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11550