FEMA

Corporate & Other Laws

Can anyone explain this to me , gift to brother exceeds $75000 for purchase of immovable property so why permission is needed as it is overall within limit of $250000

Nagachaitanya Nomula

CA Final

★ 8K+

07-Jan-26 13:23

179

Answers (1)

Although the overall LRS limit is USD 250,000 per financial year, remittance by way of gift for purchase of immovable property abroad exceeding USD 75,000 requires prior RBI approval, as such transactions are treated as capital account transactions and are subject to stricter FEMA controls.

Ashlesha Atal

Faculty

07-Jan-26 22:41

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