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1905 views • Question added Apr 20, 2019 • FEMA • By C.A.RATNESH MAHAJAN , CA


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

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Pooja Gupta

28-May-2019 , 05:08:13 pm

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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