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Whether small value remittance of USD 5000 (gifts, donation etc) is in addition to LRS of USD 200,000/- ?

April 26, 2017addition donation gifts LRS remittance small USD value

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Whether small value remittance of USD 5000 (gifts, donation etc) is in addition to LRS of USD 200,000/- ?

1 Answer

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Remittance against gifts and donations cannot be made separately and have to be made under the Scheme only and therefore no separate limits for gift and donation are available. Accordingly, resident individuals can remit gifts and donations up to USD 200,000 per financial year under the Scheme.