Foreign Remittance for meeting expanses during study abroad.

This discussion clarifies the rules for foreign remittances sent to support a child's study abroad expenses. It confirms that such remittances fall under the Liberalised Remittance Scheme (LRS) with an annual limit of $250,000. The funds are treated as personal expenses or capital withdrawals and don't require special accounting. Importantly, any Tax Collected at Source (TCS) on these remittances can be claimed as credit in your Income Tax Return (ITR).