NRI KO TRF KESE KARE

1. NRI APNE BROTHER YA RELATIVE SE KITNA AMOUNT NRI YA NRO ACCOUNT MAI LE SAKTA HE

2. JO TAXABLE NA HO

3. LRS SCHEME KYA HE
Replies (3)
Quick Summary
This discussion clarifies the rules for Non-Resident Indians (NRIs) sending money to relatives or for donations abroad. It explains that an individual can remit up to USD 2,50,000 per financial year as a gift or donation. Additionally, it touches upon Tax Collected at Source (TCS) which is applicable if the amount exceeds Rs. 7 lakhs annually.

1. An resident individual may remit up-to USD 2,50,000 in one FY as gift to a person residing outside India or as donation to an organization outside India.

2. TCS will be deducted if amount exceeds Rs. 7 lakhs P.A.

3. https://www.rbi.org.in/Scripts/FAQView.aspx?Id=115

Thank u so much sir

You are Welcome.            

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