Please Help: LRS
Posted Date : 20-Apr-2019 , 01:04:32 pm | Posted By C.A.RATNESH MAHAJAN
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
Category : FEMA | Answers : 0 | Comments : 1 | Hits : 1855
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Pooja Gupta
28-May-2019 , 05:08:13 pmHi 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