Are there any restrictions on the frequency of the remittance from India?

There are no restrictions on the frequency of remittances under LRS. However, the total amount of foreign exchange purchased from or remitted through, all sources in India during a financial year should be within the cumulative limit of USD 250,000.

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Disclaimer: The information presented here is for general information purposes only and does not constitute tax advice. Please consult your CA, CPA, tax-expert or tax attorney for specific tax advice and inquiries. Visit IRS Website for US tax information. Visit RBI Website for Reserve Bank of India and Income Tax Department Website for Indian regulations.

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