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Yes, there is a limit on the remittance income you earned in India under the Liberalised Remittance Scheme (LRS), where Indian individuals, including minors, can only remit up to 2,50,000$ per fiscal year. This applies to both current and capital account transactions.
Yes, there is a limit on doing an international remittance to foreign countries on the income you have earned in India. According to the Liberalised Remittance Scheme by the RBI, you can only send USD 2,50,000 in a financial year. Additionally, you must provide the documents for your transfer, such as medical treatment, foreign investments, education fees, etc.
Yes there are limits to transfer money to international borders buy first you need to consider some key points: you can only send 2,50,000$ in a financial year, you must write the purpose of transaction, different transfer methods have a their fees and limits, you need to pay tax on the remitting income, and at last you must provide all the wasdential documents showing the purpose of your transfer.
Here is a limit on the financial transactions of the income you have earned in India. You can only send a fixed amount of money to international borders, which is 2,50,000$ in a financial year. The amount you transfer from indian to outer country is called 'Outer remittance, and if you're receiving money the it is called an 'Inward Remittance.
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Yes, there are some limitations on the remitting income earned in India by the LRS, which is 2,50,000$ in a financial year. There are several ways that you can send money to international borders, like from traditional banks, RBI-regulated money dealers, and digital platforms.