https://www.taxtmi.com/forum/issue?id=107840 Regulation 4 of the FEMA Borrowing and Lending in Rupees Regulations requires that NRI/PIO funds to a resident relative be received by inward remittance or credited to an NRO, NRE or FCNR account; direct debit/credit card payments are not provided for. The regulation limits loan tenor and interest, directs repayment routing (adviser notes use of NRO account), and imposes repatriation restrictions with repatriation possible only via the FEMA remittance-of-assets route subject to applicable ceilings. en-us Sat, 10 Jan 2015 14:46:27 +0530 Thu, 23 Jan 2025 15:57:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107840 Regulation 4 of the FEMA Borrowing and Lending in Rupees Regulations requires that NRI/PIO funds to a resident relative be received by inward remittance or credited to an NRO, NRE or FCNR account; direct debit/credit card payments are not provided for. The regulation limits loan tenor and interest, directs repayment routing (adviser notes use of NRO account), and imposes repatriation restrictions with repatriation possible only via the FEMA remittance-of-assets route subject to applicable ceilings. Discussion-Forum Income Tax Sat, 10 Jan 2015 14:46:27 +0530 https://www.taxtmi.com/forum/issue?id=107840