LIMIT FOR FOREIGN REMITANCE
This query is : Resolved
vipin minocha
(Querist)
06 February 2025
ONE OF MY NON RESIDENT INDIAN CLIENT HAS ALREADY SENT 158000 USD OUT OF TOTAL SALE PROCEEDS OF HIS SHARES IN THIS FINANCIAL YEAR . HE WANT TO SELL HIS RESIDENTIAL HIS RESIDENTIAL HOUSE IN INDIA AND WANT TO SEND 270000 USD TO USA. DUE TAX @ 23% HAS ALREADY BEEN DEDUCTED AND PAID. KINDLY ADVISE.
Nikhil Kaushik
(Expert)
06 February 2025
the total is within the limit. make sure you do proper documentation and tax filings.
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