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.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
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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