i am an NRI ...recently returned to india
took a job offer in india and was working for close to 3 months..in this time, i took a home loan as a normal resident indian..loan amount is 40 lakhs.
now ,i wanted to go back abroad for a 1 yr project on my own and resign this company..when in abraod, i have hopes of earning good and paying this 40 laksh loan through NRO/NRE remittances..may be within a year.
now, paying this 40 lakh loan within such a short period of time attract any kind of investigation by income tax office.also, do i need to inform my bank about going abroad...please advise
