Dear Friends,
what is the per year transfer limit under FEMA?
CHANDAN KUMAR SINGH (COMPANY SECRETARY ) (49 Points)
07 September 2011Dear Friends,
what is the per year transfer limit under FEMA?
Sudhag
(Chartered Accountant and Company Secretary. Visit at : www.taxpertpro.com)
(1231 Points)
Replied 29 September 2011
The Limit will be dependant on different things. What are you looking for. For example a Non resident Indian /PIO can transfer 1 million US dollar per financial year out of RUPEE balance held in NRO account.
You may Liberalised remittance scheme as well.
Specific query shall be helpful.
Regards,
CA. Sudha G. Bhushan
sudhag999 @ gmail.com
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
