How much can US citizen take from India USD

To convert 10 lakh Indian Rupees (INR) to US Dollars (USD), we'll use the current exchange rate.

According to recent updates, 1 INR is approximately equal to 0.01167 USD. Let's calculate the conversion: - *Conversion Calculation*: 10,00,000 INR x 0.01167 USD/INR ≈ 11,670 USD As for the procedure and documents required, here's what you need to know: - 

*Authorized Dealers*: Your brother-in-law can convert INR to USD through authorized dealers like banks or money changers. - 

*Documentation*: He'll need to provide identification and proof of the source of funds, such as: - *PAN Card* - *Address Proof* - *Identity Proof* (e.g., passport, Aadhaar card) 

Regarding the payment of your daughter's fees in the US, if your brother-in-law paid the fees directly, you can reimburse him in INR without attracting IT issues, as long as: 

- *You maintain records*: Keep records of the transaction, including proof of payment and reimbursement. - *No additional taxes apply*: 

Ensure that no additional taxes or implications arise from this transaction.

 To avoid any potential issues, consider consulting a tax professional or financial advisor for personalized guidance.

@ sfunds

My 2 bits:-

Your Bro in law has his India earned funds [in INR] kept in an NRO account ?

He can take out USD250000 per year from his NRO A/c. Would need to get clearance from AO that he has paid all indian taxes first, best to go through a CA for this task. There is a special form for this, I do not remember the name, but CA would know. That form [approved by AO] would need to be attached with the Outward Remittance application at the bank.

If it is only 10 lakh INR, it is peanuts for him, and it may be better for him to spend and finish it off in India instead of getting into headache of tax clearance from AO. 

@ sfunds

Let your Bro In Law not act stringy like dad of Mr Sundar Pichai [ who has hundreds of millions of USD ].

Mr Sundar Pichai's dad could have easily donated the small piece of land, he owned, in Chennai, to some needy individual or some charitable organization, say Ramakrishna Mission.

It was lesser than peanuts in value compared to his son's present worth.

Instead, he sold it and transferred the tiny USD amount out of India !!