Liberalized Remittance Scheme and airticket

283 views 1 replies

Hi,

I have purchased Airticket to US and I paid via credit card (in singapore dollars ) equivalent to indian Rupees 310000.

I am planning to send to my Daughter who is doing MS in US  an amount equivalent to 600000

Will the amount of 310000 added to 600000 and i have to pay for the amount  in excess of 700000  TDS of 20%

Replies (1)
Remittance is generally not subject to tds.
but send to nre account.

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