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!	2035	0
	BANKING IN TORONTO ( 1 2 )	Moving Soon	3785	10
	Wire transfer headaches	Life	2835	5
	Converting Indian funds into CAD $?	Financial Planning	2172	1
	Which bank is better to apply for loan in India?	Moving Soon	2027	4
	RSP loan to payoff vehicle loan ( 1 2 )	Financial Planning	2716	8
	Authorization letter to carry friend's Indian passport out of country	Ask Immigration Expert	4634	2
	Maximise RRSP contribution??? ( 1 2 )	Financial Planning	2763	8
	Suggestions for best interest rates	Financial Planning	2131	2
	Intl student getting money by wire	Accounting and Taxation	1612	6
	Move to Canada ASAP ( 1 2 )	Ask Immigration Expert	3528	10
	Coverting Indian account to NRO account	General	2040	3
	to buy with a house with zero down payment ( 1 2 )	Just Landed	3444	10
	Invest in India...Should I or Should I not ?? ( 1 2 3 )	General	4874	15
	Gift amount from Parents in India	General	10756	5
	Loan to an Indian company from Canada	Ask Immigration Expert	1377	0
	Best way to get better conversion rate USD to CAD	USA	2315	5
	interest claim for tax refund on investment home	Financial Planning	1610	4
	70% jump in interest rates on NRE (tax free) FDs ( 1 2 )	Our Native Country!	4390	11
	Purchase home back home	Our Native Country!	2426	5
	Send money (US Dollar) to USA from Canada ( 1 2 )	USA	4179	9
	Paying off home loan in India by line of credit ( 1 2 )	General	4482	8
	How to get Indian Interest on Cad$ & get that interest transferred in Cad$? ( 1 2 )	General	4284	11
	Bank accounts in India ( 1 2 )	Our Native Country!	6188	12
	Transfer of money from India to Canada	General	2568	3

Charcha

Loan to an Indian company from Canada

Discussions similar to: Loan to an Indian company from Canada