I am staying in Dubai and I am planning to take a personal loan of INR 10 lacs. I would be using it to purchase a car back in India.

Do I have to pay tax for this? if yes, is there any way to avoid it?

1 Answer 1


You can take a personal loan in Dubai and transfer the funds into NRE account in India and purchase a car. There is no taxes for this in India.

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