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loan to my son

Querist : Anonymous (Querist) 16 February 2011 This query is : Resolved 
If I give my son a loan of Rs200000/- (Rupees two lakhs) for application money for booking a flat without any interest which will be paid back to me after 15 years will it attract any complication in terms of Income Tax Act ? This money is from my retirement benefit.
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A V Vishal (Expert) 16 February 2011
No. since it is from your retirement benefits and to your own son there is no problem.
Kirti Kar Tripathi (Expert) 16 February 2011
I think, Mr. Vishal is correct.
Advocate. Arunagiri (Expert) 16 February 2011
I agree with Mr.Vishal.

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