TaxTMI 
TaxTMI 
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
Remittance of money from India to abroad
05 Feb 2010 
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Foreign remittance limits: maintenance and gifts to relatives may be permitted under current account rules without central bank permission.
Remittances from India to close relatives for maintenance or gifts are governed by the Current Account Transactions regulatory framework; routine maintenance transfers may be permitted without central bank permission when within prescribed remittance thresholds, while larger transfers invoke the rules' specified limits and associated procedural requirements, and reported higher threshold figures for gifts to relatives cited in informal responses require verification against the applicable rule provisions and schedules. (AI Summary)
Remittances from India to close relatives for maintenance or gifts are governed by the Current Account Transactions regulatory framework; routine maintenance transfers may be permitted without central bank permission when within prescribed remittance thresholds, while larger transfers invoke the rules' specified limits and associated procedural requirements, and reported higher threshold figures for gifts to relatives cited in informal responses require verification against the applicable rule provisions and schedules. (AI Summary)