Liberalized Remittance Scheme your USD 250,000 window to the world.
Complete LRS advisory for Resident Individuals — USD 250,000 per financial year outward remittance for investment, education, travel, gifts, and overseas property purchase, with full TCS and FEMA compliance.
The Liberalized Remittance Scheme is the RBI window that allows every Resident Individual to send up to USD 250,000 out of India in a financial year — for permitted current and capital account transactions. Education abroad, foreign investments, gifts to relatives overseas, foreign travel, and overseas property all fall within LRS.
Since October 2023, TCS at 20% applies on most LRS remittances above ₹7 lakh (with lower rates for education and medical). The remitter has to fill Form A2 with the bank and ensure that the purpose code, residency, and PAN details are exactly right.
We support clients on the entire LRS journey — eligibility review, purpose code selection, TCS computation, Form A2 documentation, and downstream tax filing of foreign assets and income created through LRS remittance.
Our Liberalized Remittance Scheme Services
LRS Eligibility Check
Confirmation of resident status and individual eligibility under LRS.
Purpose Code Mapping
Right RBI purpose code for education, investment, travel, gifts, or property.
TCS Computation
Computation of TCS under Section 206C(1G) and adjustment in the ITR.
Form A2 Documentation
Form A2, FEMA declaration, and supporting documents prepared.
Overseas Investment
LRS remittance for overseas mutual funds, ETFs, and direct equity.
Overseas Property Purchase
LRS structuring for residential property purchase abroad.
Foreign Asset Disclosure
Schedule FA filing on assets created through LRS remittance.
Family Pooling
Family-wide LRS planning across multiple PANs within the limit.
Our Approach
Profile & Purpose
Resident status confirmed and purpose of remittance identified.
Limit & TCS Check
Year-to-date LRS usage and applicable TCS rate determined.
Document Pack
Form A2, FEMA declaration, and proof of source prepared.
Bank Submission
Bank submission with all documents for wire transfer.
Post-Remittance Filing
TCS credit claimed and Schedule FA disclosed in the ITR.
Why It Matters
Frequently Asked Questions
USD 250,000 per individual per financial year under LRS.
Yes, TCS at 20% on most remittances above ₹7 lakh; lower rates for education and medical.
Yes, overseas residential property purchase is permitted under LRS.
No, LRS is available only to Resident Individuals, not NRIs.
Yes, TCS can be claimed as credit in the ITR or used to lower advance tax.
Sending Money Abroad Under LRS?
Get the right purpose code, TCS planning, and Form A2 documentation — and downstream filing of overseas assets handled end-to-end.
Plan My LRS Remittance or call +91 9819 000 511