Tax Planning & FEMA

RBI's LRS lets each resident send up to $250,000 abroad a year. Who can use it, how to track your limit, TCS rates for FY 2026-27, purpose codes and what is not allowed.

Pay for travel abroad under LRS: which purpose code to use, how TCS works on tour packages and self-booked trips, and how card spends are counted.

Buy property abroad under LRS: $250,000 per co-owner a year, purpose code S0005, 20% TCS above ₹10 lakh, why foreign mortgages are not allowed and how it is taxed.

Fund studies abroad under LRS: what counts as education, sending more than $250,000, 2% TCS above ₹10 lakh (nil with a loan) and the documents banks ask for.

Indian residents can gift US stocks and ETFs only to relatives who are also resident in India. Learn the FEMA rules, the US gift tax position and other ways to gift.

Send money abroad as a gift or donation under LRS: no separate limit, 20% TCS above ₹10 lakh, when to use S1302 or S1303, documents and how the gift is taxed.

Pay for treatment abroad under LRS with purpose code S0304: what is covered, how to go above $250,000, 2% TCS above ₹10 lakh and the documents banks ask for.

Use your $250,000 LRS limit to invest in US stocks, ETFs, UCITS funds and bonds abroad: the purpose code, the steps, 20% TCS above ₹10 lakh and what is not allowed.

A ₹25 lakh investment remittance needs ₹28 lakh before charges when your annual threshold is unused. See how earlier transfers change the calculation and how to reconcile the resulting tax credit.