Remitances to usa rs.4 lakd
This query is : Resolved
rajshwar dayal
(Querist)
23 May 2017
My father in law wishes to remit Rs., 4 laks to his NRI daughter in USA.What are the options available to him.R.Dayal
CA R SEETHARAMAN
(Expert)
23 May 2017
Under the Liberalised Remittance Scheme (LRS) AD banks may now allow remittances by a resident individual up to USD 250,000 per financial year for extending loans including loans in Indian Rupees to Non-resident Indians (NRIs) who are relatives as defined in Companies Act, 2013.
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