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sree (President)     25 July 2014

P2p lending taxation

Hi,


is Peer 2  Peer lending  (famously know as P2P ) will be considered under the same frame work of Chit Fund Act?

Does this model suits to our indian community?

Since Chit fund income is considered under NON Taxable, Will same regulations applies to this?,, if not now but in future..

 

Thanks in Advance



Learning

 1 Replies

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     29 July 2014

In India cheating cases can be filed if either of the party fails to avoid the terms and conditions. But there is no specific law.


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