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TMI BlogRemittance of money from India to abroadX X X X Extracts X X X X X X X X Extracts X X X X ..... i propose to remit (foreign currency) money from india to a country abroad to a close relative for maintanance expenses. what is the relevant govt notification for it. what is the limit and procedure ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Reply By Rama Krishana - The Reply = You may refer to the provisions of FOREIGN EXCHANGE MANAGEMENT (CURRENT ACCOUNT TRANSACTIONS) RULES, 2000 in FEMA section - Regulation no. 5 read with schedule ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... III - which states that for maintenance of relatives, no permission for RBI is required in case the remittance is not exceeding $5000/- - Reply By Anuj Gupta - The Reply = Also if you want to remit m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ore than $5000/- then also the same is permitted. I will let you the exact regulation if you need the same. - Reply By wig sinbad - The Reply = i think the limit is USD 100000/= in case of gift to a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... relative i need to verify the same and the relevant provison of FEMA - Remittance of money from India to abroad - Query Started By: - wig sinbad Dated:- 5-2-2010 FEMA - Foreign Exchange Management ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... - Got 3 Replies - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - T ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... axTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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