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of <h1>Family Remittances Under LRS: Consolidation Allowed for Property Purchases, Not for Capital Account Transactions Without Co-ownership.</h1> Remittances under the Liberalised Remittance Scheme (LRS) can be consolidated for family members if each member complies with the scheme's terms. However, clubbing is not allowed for capital account transactions like opening a bank account or investments unless family members are co-owners or co-partners. Consolidation is permitted for acquiring immovable property outside India from a non-resident, provided the relatives involved are residents in India and adhere to the scheme's conditions.
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