How NRIs can take benefit from the Liberalised Remittance Scheme (LRS)

#nri #nris #nrilife
In this video, we delve into the intricacies of the Liberalized Remittance Scheme (LRS), a financial tool for Resident Indians to send money to their Non-Resident Indian (NRI) family members or to repatriate funds. Discover how LRS works, its annual limits, permissible uses, and how it can be a valuable resource for supporting your loved ones abroad or managing your finances as an NRI. We also offer insights on avoiding common pitfalls and optimizing your LRS transactions. For personalized guidance or questions, please leave a comment below, and don't forget to like and subscribe!
Hi, Don't miss this if you are an NRI and planning to sell property in India
This Channel is dedicated to NRI Friends and planned to help them in , four areas
1) NRI Taxation, DTAA, and FEMA Compliance
2) NRI Property matters
3) NRI Legal matters, such as Will, Inheritance, Family Settlement, etc
4) NRI Investment matters in India
Pls feel free to ask your queries and I will surely study, Consult and make a Video on that or at least answer in the comment section. Kindly note please Don't leave personal information in the comment section and send such queries to
Client support Team on WhatsApp @ 8080088288 or
on Email - [e-mail], they will help you to answer your common queries and for specific queries, they will arrange an Appointment.
Pls, note there will be a nominal consulting fee for such an appointment which will be reduced from final fees if any work or assignment is provided to us. making consulting Free on the net.
I strongly recommend going through Channel first as most of the queries I have already answered before paying for consulting.
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Chapters
00:00 Introduction
00:52 Understanding LRS
03:14 RBI's Restriction on LRS
05:40 Restrictions for Foreign Investment
07:02 How to use LRS Scheme
09:44 Outro
#nri ,#aktassociates ,#nripropertyselling,#merchantnavy, #nonresidentindian

[@bikramsinghbrar7403]

VERY INFORMATIVE THANKS

[@caaruntiwari3170]

Thanks a Lot

[@SampadaPinto]

Very informative and well explained, thanks 👍🏻

[@AKTAssociatesOfficial]

@SampadaPinto Glad you liked it

[@user-kc1ow4tc3f]

Very informative. Can we also get some clarifications on the following, 1. In case if a NRI transfers money from his/her NRE/NRO accounts to his foreign account, how will RBI know for what purpose the fund has been utilized abroad. 2. Will there be a tax deduction even if a NRI's parents send money from India as gift or education expense of their grandchildren?

[@caaruntiwari3170]

sure will make video on this

[@sanjeevgupta178]

Who is included in family

[@vijaya12345]

Can resident individual wire to US bank ( as a gift) to NRI as part of the LRS scheme

[@AKTAssociatesOfficial]

Yes, a resident individual can wire money to an NRI as a gift under the LRS scheme. For more Information 📞 8080088288 or mail✉ us on [e-mail]

[@vijaya12345]

Bank says there is a 20% tax that will be deducted at source when sending money - greater than 7 lacs.. is this still true

[@AKTAssociatesOfficial]

Yes, it's true

[@caaruntiwari3170]

@@AKTAssociatesOfficial It depends on nature of payment , whether for tour, medical treatment or education, so do check that

[@mansotra11]

Does 15 CA is required to transfer the money abroad less than 7 lakh in a financial year?

[@AKTAssociatesOfficial]

Generally, Form 15CA is required, but it depends on your bank. If they are asking for it, then you have to provide it. Sometimes, banks don't ask for Form 15CA. So, it's advisable to check with your bank for accurate and updated information.

[@prasaddhuri8598]

I am from india and want to invest 2.25 Cr in Dubai property. Do I have to take permission from RBI if transaction will be in payment plans eg. 20% +30% +50%.. Please Guide

[@AKTAssociatesOfficial]

For investments abroad, including Dubai, it's advisable to check RBI guidelines. In certain cases, approval may be required. Consult with CA Arun Tiwari he will guide you in this matter. Call 8080088288 or mail us at [e-mail]