Forex remittance to daughter on sale of property

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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 online

(Expert)
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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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