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Can govt servant lend money for stock or crypto trading to a relative?
25-Sep-2023 (In Tax Law)
Can government servant lend money for stock or crypto trading to a relative ? what is the limit that a government servant can lend for such purposes?
If taxes are to be paid on the profits made by the borrowed money how will it affect the government servant and will the income tax department consider the investment and profits as illegal or take any action against the borrower or/and the lender ?
Well, What you are asking is purely commercial advice and as such, it will be changeable. If you are interested, connect with me for Paid Legal Consultation in detail. You must understand commercial advice can't be given in two to three sentences and that too free of cost.
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Adv. Pankaj Bajaj
Mumbai | 500+ Answers
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