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Liberalized Remittance Scheme

Make international remittances for education, investments, or family support—legally, confidently, and within RBI guidelines. We handle everything from TCS compliance to complete LRS documentation.

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Remitting money abroad from India has never been easier—but it must be done right. Under the Liberalized Remittance Scheme (LRS), resident individuals can legally transfer up to USD 250,000 per financial year for a wide range of purposes like education, healthcare, travel, and investment. However, understanding regulatory requirements, tax implications, and TCS (Tax Collected at Source) is critical.

Complete LRS and its TCS
Support by Experts

Whether you're sending funds abroad for education, travel, medical needs, or investment, the Liberalized Remittance Scheme (LRS) lets you remit up to USD 250,000 per financial year—but it comes with important tax and regulatory guidelines. We simplify the process, handle compliance, and help you avoid penalties.

Consultation on Remittance Planning

TCS Guidance

Documentation Assistance

Tax Planning and Filing Support

Ongoing Compliance Support

We handle common aspects of
Liberalized Remittance Scheme for NRIs

Multiple Purposes Covered

The Liberalised Remittance Scheme (LRS) allows Indian residents to remit funds abroad for a wide range of personal and professional purposes. These include expenses related to education, such as tuition fees, living costs, and other academic necessities for students studying overseas. It also covers international travel for both personal vacations and business trips, as well as medical treatment abroad, including hospitalization and healthcare services. In addition, individuals can use LRS to make investments in foreign stocks, real estate, debt instruments, or to open and maintain foreign bank accounts. This broad coverage offers the flexibility and freedom to pursue global opportunities while remaining fully compliant with Indian regulations.

Compliance with Indian Regulations

All remittances under LRS are governed by the Foreign Exchange Management Act (FEMA). This ensures that every outward transfer is monitored, reported, and legally compliant with Indian financial laws. Following the LRS guidelines helps avoid legal complications, penalties, or scrutiny from the tax or regulatory authorities.

Simplified Remittance Process

Under the Liberalised Remittance Scheme (LRS), individuals can remit funds abroad without seeking prior approval from the Reserve Bank of India (RBI) — up to the prescribed annual limit (currently USD 250,000 per financial year). This streamlines the remittance process and eliminates bureaucratic delays, making it easier for residents to manage overseas financial needs independently.

Ease of Transfer

Remitting money abroad is now simpler than ever. You can initiate transfers through your bank or any authorized dealer (such as financial institutions or forex service providers). As long as your transfer aligns with LRS limits and documentation is in place, the transaction is processed quickly — often within the same day — making it convenient for both routine and urgent remittance needs.

Individuals transferring gifts or family support overseas

Gifting money or sending family support abroad may still require Form 15CA & CB based on the amount and nature of the transaction. We help you document, certify, and process such transfers legally and without complications.

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About RMC

We are a team of experienced Chartered Accountants and compliance experts specializing in NRI taxation, remittances, repatriation, and business setup in India. With deep knowledge of FEMA, RBI regulations, and international tax treaties, we offer tailored, end-to-end solutions to help NRIs stay compliant and make confident financial decisions. From tax return filings to cross-border fund transfers and business advisory, we ensure clarity, accuracy, and timely execution—no matter where you are in the world.

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