Consolidation of remittances allowed for family members under LRS where each member complies with scheme conditions. Consolidation of remittances under the Liberalised Remittance Scheme is allowed for family members only if each member individually complies with the ... Summary
Consolidation of remittances allowed for family members under LRS where each member complies with scheme conditions.
Consolidation of remittances under the Liberalised Remittance Scheme is allowed for family members only if each member individually complies with the Scheme's terms; clubbing is prohibited for capital account transactions unless family members are co-owners or co-partners, and consolidation for acquisition of immovable property from a person resident outside India is permitted for resident relatives subject to compliance with Scheme conditions.
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