Forex remittance to daughter on sale of property

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Property sale proceeds can be remitted to daughters in the USA under LRS up to USD 250,000 per financial year per resident individual. Key requirements include Form 15CA, Form 15CB, Form A2, sale deed, PAN, and bank records. Queries also covered ease of filing Form 15CA.

Krishna Murthi

Krishna Murthi (Querist)
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27 May 2026 I plan to sell my property and remit a part of the proceeds to my two daughters who live in USA. How much in dollar terms can I remit and what would be the clearances I need?

Aashok Kumar Sharma online

Aashok Kumar Sharma

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27 May 2026 Remittance Limit: Up to $250,000 USD per financial year per individual under the LRS for resident Indians (up to $1 Million USD if the sender is an NRI).

Key Clearances: A Chartered Accountant’s certificate (Form 15CB), an online tax declaration (Form 15CA), and a standard bank application (Form A2).

Key Documentation: Registered Sale Deed, PAN Card, and bank statements verifying the clean trail of funds.

Krishna Murthi

Krishna Murthi (Querist)
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27 May 2026 Sharmaji,
Thanks for a quick and detailed response. How difficult is form 15CA to fill?

Krishna Murthi

Krishna Murthi (Querist)
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27 May 2026 I think as an individual, I need not fill form 145 under LRS as long as I limit my remittance to USD 250,000 per annum?

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