Forex remittance to daughter on sale of property
This query is : Resolved
Quick Summary
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?
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.
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.
27 May 2026
Sharmaji,
Thanks for a quick and detailed response. How difficult is form 15CA to fill?
Thanks for a quick and detailed response. How difficult is form 15CA to fill?
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?
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
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- 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
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
