Clubbing of Remittance under LRS Scheme
This query is : Resolved
19 December 2023
Can the father and mother remit separately Rs. 7 Lakh each to their son for educational purposes under LRS Scheme without attracting TCS
Also, what is the definition of "close relatives" for sending money abroad for maintenance of their relatives without attracting TCS provisions under the LRS Scheme?
Also, what is the definition of "close relatives" for sending money abroad for maintenance of their relatives without attracting TCS provisions under the LRS Scheme?
19 December 2023
1 Yes.
2 Spouse, father, mother, son, son's wife, daughter, daughter's husband, brother and sister of the individual are close relatives.
2 Spouse, father, mother, son, son's wife, daughter, daughter's husband, brother and sister of the individual are close relatives.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- Supply through E-commerce Operators
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Relief u/s Section 89
- GST ON DAMAGED GOODS
- E way bill for tractors
- GST Rate applicable for 0% Food Items sold by an Industrial Caterer
- Specified Profession
- Suggestions required for income tax filing-software (FY 2025-26)
- TAN for Partnership
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
