https://www.taxtmi.com/circulars?id=11292 Resident individuals may make rupee gifts to NRI/PIO close relatives by crossed cheque or electronic transfer, with the amount credited to the recipient's NRO account as an eligible credit. Gifts must comply with the overall limit under the Liberalised Remittance Scheme and the donor is responsible for ensuring LRS limits are not exceeded. AD banks are to implement the facility pending amendments to the Deposit Regulations and FEMA notification, and the directions are issued under FEMA subject to other legal permissions. en-us Fri, 16 Sep 2011 00:00:00 +0530 Fri, 16 Sep 2011 17:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=11292 Resident individuals may make rupee gifts to NRI/PIO close relatives by crossed cheque or electronic transfer, with the amount credited to the recipient's NRO account as an eligible credit. Gifts must comply with the overall limit under the Liberalised Remittance Scheme and the donor is responsible for ensuring LRS limits are not exceeded. AD banks are to implement the facility pending amendments to the Deposit Regulations and FEMA notification, and the directions are issued under FEMA subject to other legal permissions. Circulars FEMA Fri, 16 Sep 2011 00:00:00 +0530 https://www.taxtmi.com/circulars?id=11292