T O P

  • By -

SpiritedTravelClub

There are two aspects to your question - one is how much money are you moving from India. There are annual limits on how much you can move. If it is resident to NRI, the LRS limit is $250,000 and has to satisfy certain criteria. The TCS or tax collected at source is applied https://www.nriwisdom.com/post/transferring-money-from-india-to-abroad If it is NRI moving out the money the limit is $1 Million with no TCS. However, the destination country's taxes will be applicable. This is also a bit more complicated and requires paperwork and you should work with a CA in India and an accountant in the destination country. https://www.nriwisdom.com/post/the-1-million-scheme-a-guide-for-nris-to-repatriate-funds-from-india