Outward remittance from india to us

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2016 Hi Experts,

Can we make outward remittance of $50000 per month from Indian company to US company for business purpose. What are the legal compliances?

ASHWANI DHANUKA

ASHWANI DHANUKA (Expert)
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07 July 2016 "Business Purpose" is a very broader term. Give more specific reason for remittance. Annual Limit of outward remittance is $250,000.00 in a FY

Querist : Anonymous

Querist : Anonymous (Querist)

07 July 2016 Services business as in where the Indian company collects the revenue generated by US company in India and then transfer it to US company on monthly basis.