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Buying property abroad for your NRI child? Know how much parents can transfer and what tax rules apply

3 weeks ago 8
Indian resident parents can use the RBI's Liberalised Remittance Scheme (LRS) to fund the purchase of overseas property by an NRI or OCI child, subject to FEMA rules. Here's what to know about the $2,50,000 annual limit, gifts, loans, TCS and documentation.
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