Loan to an Indian company from Canada

Jump to Page:
< Previous [ 1 ] Next >

CDotS
Member since: Jan 11

Posts: 1
Location:
Post ID: #PID

Posted on: 10-01-11 19:55:20

A friend of mine in India wants me to send him a loan in Indian rupee or canadian dollar for his business for a term of between 3 to 6 months. I can wire transfer to his bank account. The question I have are:
1. Do I need to get any permission in Canada?
2. Does my friend have to inform RBI or any other bodies in India?
3. Will there be any issues when my friend retruns the money with interest back to Canada in Canadian dollars? any tax issues, other than interest income?

Jump to Page: < Previous [ 1 ] Next >

Show Printable version

Send this page to a friend

Add to favorites

Discussions similar to: Loan to an Indian company from Canada
	Topic	Forum	Views	Replies
	Indians are indian....., Smart brains!!	Have Fun!	2110	0
	BANKING IN TORONTO ( 1 2 )	Moving Soon	3946	10
	Wire transfer headaches	Life	2920	5
	Converting Indian funds into CAD $?	Financial Planning	2248	1
	Which bank is better to apply for loan in India?	Moving Soon	2119	4
	RSP loan to payoff vehicle loan ( 1 2 )	Financial Planning	2887	8
	Authorization letter to carry friend's Indian passport out of country	Ask Immigration Expert	4707	2
	Maximise RRSP contribution??? ( 1 2 )	Financial Planning	2935	8
	Suggestions for best interest rates	Financial Planning	2311	2
	Intl student getting money by wire	Accounting and Taxation	1692	6
	Move to Canada ASAP ( 1 2 )	Ask Immigration Expert	3663	10
	Coverting Indian account to NRO account	General	2162	3
	to buy with a house with zero down payment ( 1 2 )	Just Landed	3576	10
	Invest in India...Should I or Should I not ?? ( 1 2 3 )	General	5087	15
	Gift amount from Parents in India	General	10939	5
	Loan to an Indian company from Canada	Ask Immigration Expert	1445	0
	Best way to get better conversion rate USD to CAD	USA	2404	5
	interest claim for tax refund on investment home	Financial Planning	1676	4
	70% jump in interest rates on NRE (tax free) FDs ( 1 2 )	Our Native Country!	4521	11
	Purchase home back home	Our Native Country!	2511	5
	Send money (US Dollar) to USA from Canada ( 1 2 )	USA	4322	9
	Paying off home loan in India by line of credit ( 1 2 )	General	4639	8
	How to get Indian Interest on Cad$ & get that interest transferred in Cad$? ( 1 2 )	General	4438	11
	Bank accounts in India ( 1 2 )	Our Native Country!	6389	12
	Transfer of money from India to Canada	General	2684	3

Charcha

Loan to an Indian company from Canada

Discussions similar to: Loan to an Indian company from Canada