LIMIT FOR FOREIGN REMITANCE

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vipin minocha (Querist)
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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

Nikhil Kaushik (Expert)
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06 February 2025 the total is within the limit. make sure you do proper documentation and tax filings.

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