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Friendly loan

AnonymousLLB 7 Jul 2013, 12:01

Can a sister give friendly loan to her sister for booking a flat? Both sisters are married and managing their own families.

1 Reply

AnonymousLLB 8 Jul 2013, 11:51

Yes Ofcourse. Why not? But what is your concern exactly? legal? If legal are you concerned about recovery of the loan in future? or tax related?