Magzter GOLDで無制限に

10,000以上の雑誌、新聞、プレミアム記事に無制限にアクセスできます。

$149.99

$74.99/年

試す金 - 無料

Does LRS limit apply to NRO account?

Mint Mumbai

February 20, 2024

I am a businessman and run a clothing company in India. My daughter has gone to the US for her undergraduate studies.

I want to gift her a sum of approximately 15 crore for her future security. I am aware that if I transfer money to her foreign bank account, I would be able to transfer only $250,000 in a financial year as per LRS (Liberalised Remittance Scheme) limits and it will be subject to TCS (tax collected at source). I have been advised that I can instead gift her this entire sum in her NRO (non-resident ordinary) account in India at one go and then she will be able to remit $1 million per financial year outside India. Is this correct? Would this route attract TCS too? -Name withheld on request

このストーリーは、Mint Mumbai の February 20, 2024 版からのものです。

Magzter GOLD を購読すると、厳選された何千ものプレミアム記事や、10,000 以上の雑誌や新聞にアクセスできます。

すでに購読者ですか? サインイン

Mint Mumbai からのその他のストーリー

すべて表示

Mint Mumbai

'Chips require long-term plan'

India needs long-term, step-by-step ecosystem-building, alongside sustained investment in research and development (R&D), to achieve semiconductor capabilities, essential for a major global economy given silicon chips' role in the information age, according to economist and Niti Aayog member Arvind Virmani.

1 mins

January 23, 2026

Mint Mumbai

EU halts GSP export benefits; ‘Chips require long-term plan’

The European Union (EU) has suspended export benefits to sectors such as textiles and plastics under a preferential scheme for India and two other countries from 1 January, a move that will impact the country’s shipment to the 27-nation bloc.

1 mins

January 23, 2026

Mint Mumbai

Banks renew push to unsecured loans

India's banks are cautiously reopening the tap on unsecured lending, as policy rate cuts drive margin pressure and risks stay largely under control.

3 mins

January 23, 2026

Mint Mumbai

Carmakers on edge as date with CAFE-III draws close

Carmakers are staring at a compliance window of less than 15 months to start getting close to stringent upcoming emission targets that are expected to come into effect from April 2027.

2 mins

January 23, 2026

Mint Mumbai

Global PE giants eye IPL champions RCB

Blackstone, Temasek weigh bids; deal may value RCB at $1.4-1.8 bn

2 mins

January 23, 2026

Mint Mumbai

BUDGET TO KEEP FISC STEADY AMID GLOBAL STORM

The Union Budget for FY27 is being formulated against the backdrop of some positive surprises, despite a highly volatile and uncertain global environment.

3 mins

January 23, 2026

Mint Mumbai

Govt may raise allocation for power distribution reforms

Revamped Distribution Sector Scheme is likely to get ₹18,000 crore in the FY27 budget

2 mins

January 23, 2026

Mint Mumbai

Pet care startups eye users to compete with FMCG giants

Direct-to-consumer (D2C) pet care brands are leaning on subscription models to lock in customers, betting that repeat purchases can help them counter the scale and distribution advantage of India's largest packaged consumer goods players as the niche segment heats up.

2 mins

January 23, 2026

Mint Mumbai

IT majors face weak FY26 despite Q3 earnings beats

Four top IT services firms are heading into Q4 with weaker full-year trajectories than last year

3 mins

January 23, 2026

Mint Mumbai

Here's how to build an education fund in a high-inflation economy

With education inflation running at 10-12% annually, far outpacing CPI, parents must rethink savings strategies

4 mins

January 23, 2026