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Please Help: LRS

Posted Date : 20-Apr-2019 , 01:04:32 pm | Posted By: C.A.RATNESH MAHAJAN

Category : FEMA | Answers : 0| Comments : 1| Hits: 1849

UNDER LRS one can send the money up to 2.50 lac $ . can we send the amount from our account as well as from my sons a/c by transfering the money from my account

Comments
Posted By : Pooja Gupta 28-May-2019, 05:08:13
Hi LRS provides the limit upto $250000. Clubbing provisions are not allowed for Capital Account transaction. If it is other than capital account transaction then limit can be clubbed. Thanks CA Pooja Gupta 9811214525
 

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