TaxTMI 
TaxTMI 
Remittance of money from India to abroad
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....emittance of money from India to abroad<br> Query (Issue) Started By: - wig sinbad Dated:- 5-2-2010 Last Reply Date:- 13-9-2010 FEMA<br>Got 3 Replies<br>FEMA<br>i propose to remit (foreign currency) m....
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....oney 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 Reply By Rama Krishana: The Reply: You....
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.... may refer to the provisions of FOREIGN EXCHANGE MANAGEMENT (CURRENT ACCOUNT TRANSACTIONS) RULES, 2000 in FEMA section - Regulation no. 5 read with schedule III - which states that for maintenance of ....
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....relatives, no permission for RBI is required in case the remittance is not exceeding $5000/- Reply By Anuj Gupta: The Reply: Also if you want to remit more than $5000/- then also the same is permitted....
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..... I will let you the exact regulation if you need the same. Reply By wig sinbad: The Reply: i think the limit is USD 100000/= in case of gift to a relative i need to verify the same and the relevant....
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.... provison of FEMA<br> Discussion Forum - Knowledge Sharing ....