LRS limits & TCS on remittances in India — value-priced, fixed fee

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LRS limits & TCS on remittances — who files it, when it is due, what late filing costs, and what we charge to prepare it. India (Income Tax Department). Value-priced LRS limits & TCS on remittances in India with a fixed fee agreed in writing before any work starts. Call the 24-hour helpline on +1 (416) 619-0068, or request a written quote today.

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Secure a fixed quote

First we read your documents, then you get the price in writing, and only then does the work begin.

24-hour helpline: +1 (416) 619-0068
  • 18,000+ clients served
  • Google rating 5.0 out of 5
  • Offices in India, the USA, Canada and the UAE
In 60 words

LRS limits & TCS on remittances is an information return: How the remittance scheme's annual limit and the tax collected at source on outward remittances work together. Resident individuals remitting funds abroad and families funding education or property purchases overseas.

Does this bind you?

Resident individuals remitting funds abroad and families funding education or property purchases overseas.

Everything else on this page follows from this. Tax collected at source is not a cost — it is a prepayment creditable against the year's Indian tax — but it is real cash out of the transfer, and the rate depends on the declared purpose. Sequencing the year's remittances is the planning.

The team at work in the open-plan office

LRS limits & TCS on remittances India — priced before we start

Pricing on LRS remittances depends on how many transfers the year holds and what they are for, because the tax collected at source turns on the declared purpose — education, property and investment each behave differently. Recovering what was collected as a credit in the Indian return is separate work. Both are quoted in writing.

15CA/15CB remittance certification — fixed-fee price
From $349

in US dollars, fixed and quoted before work starts

The remitter declaration and the accountant's certificate on an outward Indian remittance, prepared to the standard the bank will actually accept.
See the full fee page
Lower TDS certificate application (Form 13) — India desk price
From $349

in US dollars, fixed and quoted before work starts

The lower-deduction certificate application: the computation, the cost evidence, the treaty position, and the follow-through to issue before the transaction closes.
See the full fee page
Individual tax filing
From $349

in US dollars, fixed and quoted before work starts

One engagement for a personal return that touches more than one country: the income, the assets held abroad and the relief claimed against them.
See the fee schedule
Foreign asset & information reporting
From $349

in US dollars, fixed and quoted before work starts

The information returns that carry the heaviest penalties — foreign accounts, foreign property, foreign affiliates — prepared from one asset list.
See the fee schedule
Non-resident & departure filings
From $349

in US dollars, fixed and quoted before work starts

Non-resident filings and the two part-year returns a move produces, sequenced so neither country taxes the same income twice.
See the fee schedule
Corporate cross-border filing
From $999

in US dollars, fixed and quoted before work starts

Returns for companies with foreign subsidiaries, foreign income or foreign shareholders, and the schedules each of those triggers.
See the fee schedule
Transfer pricing documentation
From $2,500

in US dollars, fixed and quoted before work starts

Intercompany pricing documented before it is questioned — the functional analysis, the benchmarking and the files that support it.
See the fee schedule
Catch-up & voluntary disclosure
From $349

in US dollars, fixed and quoted before work starts

Voluntary disclosure handled as one piece of work, from the review of what is outstanding to the returns that close it.
See the fee schedule

All published fees on one page — each engagement priced as one number on one list, with nothing left as a range.

What the reporting test actually looks at

What the test looks atWhere the figure comes from
The obligationHow the remittance scheme's annual limit and the tax collected at source on outward remittances work together.
Who it bindsResident individuals remitting funds abroad and families funding education or property purchases overseas.
Jurisdiction and authorityIndia — Income Tax Department
Category of filingInformation return

When it is due

Information returns are generally due with — or on the same timetable as — the return they accompany, so the deadline is the filing deadline of the underlying return unless the rules set a separate date. Where an extension covers the return, confirm whether it also covers this form; several information returns keep their own date. The deadline is set out in writing with the engagement, along with what has to be in our hands to meet it.

What late or missed filing costs

The penalty on an information return is charged per form and per year, and it does not depend on tax being owed. That is the whole risk profile: a filer with no tax to pay can still accumulate a substantial liability across unfiled years, and the exposure compounds with each additional entity or account that should have been reported. We quantify the exposure in writing before recommending a route, so the decision is made on numbers rather than on anxiety.

The numbers, end to end

Worked through with figures, the mechanism looks like this.

Deduction on the price against tax on the gain

An NRI sells Indian property for ₹15,900,000 with an indexed cost of ₹11,130,000. Assume the buyer must deduct at 20% of the consideration, and assume tax on the gain at 15%.

ItemAmount
Sale consideration₹15,900,000
Cost taken into account₹11,130,000
Gain actually arising₹4,770,000
Deduction on the consideration (assumed 20%)₹3,180,000
Tax on the gain (assumed 15%)₹715,500
Cash held back beyond the real tax₹2,464,500

₹2,464,500 more is deducted than the transaction actually owes. A lower-deduction certificate obtained before closing is what releases it at the table; without one it sits with the department until a return recovers it. That is an illustration of the mechanism, not a prediction about your file — the same computation on your figures is the first thing we do.

Illustrative figures, not a client engagement: the amounts are chosen to make the mechanism legible, and the rates and thresholds are assumptions stated for the example only. We confirm every one of them against the issuing authority for your own tax year before anything is filed.

How we prepare and file it, and what it costs

Pricing is settled first: a written scope and a fixed fee for it, before any work begins. See the advance pricing agreements in India for comparable engagements.

What working with us looks like

  1. 1Establish whether the reporting test is met, on the correct measure
  2. 2Assemble the holdings, accounts or entities that fall inside it
  3. 3Prepare the return and reconcile it to the tax return it travels with
  4. 4File, and set the calendar entry so next year is not a catch-up
  • Consultations scheduled to your working day rather than ours.
  • Nothing is filed until you have read it.
  • Authorisation with each authority, so we see the assessments and slips directly rather than asking you for them.

Ask before the move rather than after it, because most of the useful options expire on the date.

Reviewed for the 2025 and 2026 filing seasons by Udit Gupta, International Tax, Cross-Border Tax & Transfer Pricing Expert, Legal Quotient Consultants. Published as general information. For a position on your own file, call the 24-hour helpline.

Double tax agreement India — what this page covers

Most readers of this page are looking for double tax agreement India. What follows sets out how it works for LRS limits & TCS on remittances in India: who is caught by it, what has to be filed, and what the work costs, agreed before it begins.

Tax collected at source is not a cost — it is a prepayment creditable against the year's Indian tax — but it is real cash out of the transfer, and the rate depends on the declared purpose.

How the engagement runs, phase by phase

  1. Send the documents as they are

    No tidying required — forward what you have and we tell you what is missing.

  2. Get a fixed quote in writing

    Priced from your actual documents before any work begins, not estimated after.

  3. Both countries prepared together

    One team builds the filings against each other so the relief lands exactly once.

  4. Review, then file

    You approve the finished work before we file it.

What you are actually buying with LRS limits & TCS on remittances India

Factor Legal Quotient Hourly billing model
Pricing A fixed fee, agreed in writing before work starts Hourly, billed as incurred
Experience 15+ years of cross-border work, 18,000+ clients Varies by file
Both sides of the border Prepared together by one team, so relief is claimed exactly once One country at a time, reconciled later
Who reviews it A named practitioner, published on the page Whoever the queue reaches
Where the work happens Our offices in India, the USA, Canada and the UAE Whichever single office you can travel to

The vocabulary this page leans on

Zero-rated supply
A taxable supply charged at nil, which preserves input tax recovery — unlike an exempt supply, which does not.
Grantor trust
A trust whose income is taxed to the settlor rather than to the trust or beneficiaries, because of powers or interests the settlor retained.
Non-willfulness certification
The signed narrative that is the substance of a streamlined submission. A story that contradicts the filings is what turns relief into an examination.
FDAP income
Fixed, determinable, annual or periodical US-source income — dividends, interest, rents, royalties — taxed on a gross basis by withholding at source.
LRS limits & TCS on remittances India: How we read this one

Tax collected at source is not a cost — it is a prepayment creditable against the year's Indian tax — but it is real cash out of the transfer, and the rate depends on the declared purpose.

Whatever the file turns out to involve, the terms do not move: the scope and the fee are agreed in writing before any work starts, a named practitioner reviews the result, and nothing is filed until you have approved it.

Fixed fees around LRS limits & TCS on remittances India

The smaller fees below are for the planning rather than the paperwork: sequencing a family's remittances across the year, checking a bank's certificate before funds leave, or reconciling the tax collected at source against the credit claimed. Tell us what the transfer is for and the price comes back in writing.

Foreign asset & information reporting
$349in US dollars, fixed before work starts

Covers: The information returns that carry the heaviest penalties — foreign accounts, foreign property, foreign affiliates — prepared from one asset list.

See this fee page
Individual tax filing
$349in US dollars, fixed before work starts

Covers: A personal filing built from your own documents — employment, investment and rental income across borders, with the treaty position set out.

See this fee page
Non-resident & departure filings
$349in US dollars, fixed before work starts

Covers: The filings that follow a move: the departure year, the arrival year, and the income that keeps arriving from the country behind you.

See this fee page

Why clients bring LRS limits & TCS on remittances India to us

One team, not two firms billing separately

You are not the go-between for two sets of advisers with two sets of assumptions. One engagement covers each country the file touches.

We say early if it is not our work

If a file needs something this practice does not do, you hear that at the start rather than after a bill.

Late and missed years are ordinary work

An unfiled history is not a reason to wait longer. We assess what is still open and what relief the delay attracts before the first return goes in.

4 global offices

Meet us in person in India, the USA, Canada and the UAE, or send everything through the secure portal — the same process either way.

Two of the firm’s advisers at a desk in the Delhi office
Two of the firm’s advisers and the team in the open-plan office

The engagement, start to finish

  • Step 1: Hand over the paperwork in any state – Sorting it is our job. Send what exists and we identify what is missing from it.
  • Step 2: Priced before a single form is opened – The fee comes from the documents, agreed in writing, and stays where it was agreed.
  • Step 3: One position across every return – The same facts, filed consistently on each side, so nothing contradicts anything else.
  • Step 4: Filed after you have read it – The completed work reaches you before it reaches an authority.

Quoted up front, in writing.

Contact Us 24-hour helpline +1 (416) 619-0068

The rest of this practice

Each of these carries its own guide, pricing pointers and FAQ.

The work we do for clients like this

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Form TX19 — estate clearance certificate Its own page: tx19 estate clearance certificate — mechanism, deadlines and published fees.
Form NR74 — determination of residency on entering Everything on NR74 determination of residency entering, at the same depth as this page.
Form ITR-7 — trusts & institutions (India) ITR-7 India — the guide, the FAQ and the fixed fee.
Cross-border charity and donation relief The full guide to cross-border charity and donation relief, with the fee fixed before any work starts.
Reporting crypto on T1135 Its own page: reporting crypto on T1135 — mechanism, deadlines and published fees.
Treaty relief for students & researchers Everything on treaty relief students researchers, at the same depth as this page.

Clients who arrive with this exact page

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Tax for physicians & surgeons Physicians & surgeons tax — the guide, the FAQ and the fixed fee.
Tax for Twitch & live streamers The full guide to twitch & live streamers tax, with the fee fixed before any work starts.
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Tax for freelance designers & writers Everything on freelance designers & writers tax, at the same depth as this page.
Physicians & surgeons — what we charge Physicians & surgeons what we charge — the guide, the FAQ and the fixed fee.
Oil & gas rotational workers — your filing calendar The full guide to oil & gas rotational workers your filing calendar, with the fee fixed before any work starts.
Cross-border truck drivers — what you owe in each country Its own page: cross-border truck drivers what you owe in each country — mechanism, deadlines and published fees.
Tax for welders & skilled trades Everything on welders & skilled trades tax, at the same depth as this page.

Countries and corridors this work reaches

Hong Kong tax for expats — country guide Everything on Hong Kong tax for expats, at the same depth as this page.
Canada–UAE tax corridor Canada UAE tax — the guide, the FAQ and the fixed fee.
Bahrain tax for expats — country guide The full guide to Bahrain tax for expats, with the fee fixed before any work starts.
Canada–Germany tax corridor Its own page: Canada Germany tax — mechanism, deadlines and published fees.
Canada–Philippines tax corridor Everything on Canada Philippines tax, at the same depth as this page.
Czechia tax for expats — country guide Czechia tax for expats — the guide, the FAQ and the fixed fee.
Japan tax for expats — country guide The full guide to Japan tax for expats, with the fee fixed before any work starts.
Malta tax for expats — country guide Its own page: Malta tax for expats — mechanism, deadlines and published fees.
Uruguay tax for expats — country guide Everything on uruguay tax for expats, at the same depth as this page.

The people on your file

Named practitioners, each with the countries and the part of a cross-border file they carry, across India, the USA, Canada and the UAE. Every page on this site says who reviewed it, and the reviewer is one of these people rather than an unnamed team.

Udit Gupta, International tax, cross-border tax and transfer pricing: USA, Canada, India and UAE, Legal Quotient Consultants
Udit Gupta
Director, International tax, cross-border tax and transfer pricing: USA, Canada, India and UAE

CA (India), CA (Malaysia)

Reviews and signs off the practice's cross-border positions, and carries final responsibility for the treaty analysis on every file that leaves any of our offices.

Udit Gupta on LinkedIn

Abhinav Gupta, India international tax, cross-border tax and transfer pricing, Legal Quotient Consultants
Abhinav Gupta
Director, India international tax, cross-border tax and transfer pricing

CA (India)

Indian cross-border files: residents with income abroad, non-residents with income in India, and the treaty relief that ties the Indian return to the one filed in the other country.

Abhinav Gupta on LinkedIn

Anmol Mittal, USA and Canada international tax, cross-border tax and transfer pricing, Legal Quotient Consultants
Anmol Mittal
Director, USA and Canada international tax, cross-border tax and transfer pricing

CPA (Canada), CPA (USA), CA (India)

Files that have to be right on both sides of the US–Canada border at once — dual filings, streamlined catch-ups, and the foreign tax credit reconciliation between them.

Anmol Mittal on LinkedIn

Meet the whole team

Cross-border tax case studies

Case study 1

Multiple education remittances sequenced across a financial year

A family planning to fund a child's overseas education wanted to remit the funds in a way that minimised the upfront tax collected at source across several transfers over the year. We reviewed the scheme's limit and the collection thresholds, sequenced the planned remittances across the year with the reset date in view, and the family's total upfront tax collected was materially lower than if the same total had been sent as a single transfer without planning.

Case study 2

Excess tax collected at source recovered through the annual return

A client had tax collected at source on a large remittance for a property purchase abroad that ultimately exceeded their actual Indian tax liability for the year once their full income was computed. We prepared the return reflecting the credit for the amount collected, computed the resulting refund, and filed the claim so the excess was returned to the client rather than sitting unclaimed.

Case study 3

Purpose classification reviewed to confirm the correct collection rate applied

A client's bank had applied a higher rate of tax collection to a remittance than the client expected, based on how the purpose had been classified at the time of transfer. We reviewed the actual purpose against the scheme's categories, confirmed the classification the bank had used was in fact correct for the transaction as structured, and advised the client on how a differently structured remittance could have attracted a different rate for future transfers.

Case study 4

Annual limit tracked for a family making both travel and investment remittances

A family was making remittances for both a planned overseas trip and an investment opportunity within the same year and had not tracked how much of their combined annual limit each had already used. We consolidated the family's remittance history, confirmed the remaining headroom, and advised on how to sequence the two purposes so neither transfer breached the limit or attracted an avoidable rate of collection.

Case study 5

Getting Sale Proceeds Out of India

Repatriation runs on certification from an accountant and on the account the funds sit in, and the banking rules and the tax rules are separate gates. Both are cleared in sequence rather than together.

Read how this one runs
Case study 6

An Indian Company Paying a Foreign Supplier

Payments abroad carry deduction at source and a certification filed before the money moves. Whether the treaty reduces the rate depends on what is being bought, and the classification is the decision the whole filing rests on.

Read how this one runs
Case study 7

Fifteen Per Cent Held Back From a Fee for Services in Canada

A payer must withhold from fees paid to a non-resident for services rendered in Canada, whether or not any tax is ultimately owed. A waiver applied for before the work is invoiced avoids the withholding; after it, the money comes back through a return.

Read how this one runs
Case study 8

A US Filer Married to Someone Outside the System

Electing to treat a non-resident spouse as a US filer buys joint rates and brings that spouse's worldwide income and foreign accounts into the return. The election is easy to make and hard to revoke, so both positions are modelled first.

Read how this one runs

All case studies — every published engagement in one place.

How and where the work is delivered

Each of these carries its own guide, pricing pointers and FAQ.

Where the work is delivered
More coverage detail

Core International & Cross-Border Tax Services

International Tax Planning & Advisory

Strategy and compliance for income, assets and families spread across borders.

Treaty residency & tie-breaker
FATCA reporting (Form 8938)
Foreign tax credit (Form 1116)
Multi-country filing calendar
Real estate holding structures
International tax planning
Pre-immigration tax planning
Family office structures
One coordinating team: filings on every side of the border are sequenced so treaty relief and foreign tax credits are claimed once — and in the right country.
U.S. & Cross-Border Tax Returns
Form 1040 from abroad
US state non-resident returns
FBAR (FinCEN 114) filing
Form 5472 — foreign-owned US corp
FIRPTA withholding (Form 8288)
US estate tax exposure
IRS streamlined foreign offshore
PFIC reporting (Form 8621)
Dual filers: U.S. citizens in Canada and Canadians with U.S. income run two parallel systems — we prepare both, in the right order, every year.
Expat & Emigration Tax
Departure tax leaving Canada
T1161 properties on emigration
Residency planning
Step-up in cost base on arrival
Split-year residency
Employment income under a treaty
Social security totalization
Returning to Canada after years abroad
The move year is its own project: the elections and valuations filed that year decide the next decade of both countries’ returns.
Non-Resident Canadian Tax
Section 216 rental return
NR4 & NR6 withholding
Section 217 pension return
Section 116 clearance certificate
Regulation 105 waiver
Non-resident employment income
Taxable Canadian property
Part XIII withholding review
Default withholding is 25% of gross: elective returns routinely turn over-withheld rent and pensions into refunds.
Transfer Pricing & BEPS
s.247 contemporaneous documentation
Functional & risk analysis
Benchmarking study
Intercompany agreements
Country-by-country report
BEPS & Pillar Two
Permanent establishment risk
TP audit defence file
Documentation prepared with the return is the cheapest insurance in international tax; reconstructing it during an audit is the most expensive.
Cross-Border Estates & Trusts
Cross-border wills
US estate tax for non-resident aliens
Terminal return & clearance certificate
Non-resident trusts (s.94)
T1141 & T1142 trust reporting
Inheriting property abroad
Graduated rate estates
Post-mortem planning & pipeline
Wills drafted for one country routinely misfire in the other — deemed disposition here, estate tax there, credits in between.
Cross-Border Corporate Tax
Entity selection across borders
Business profits & PE
Intercompany loans & thin cap
Paying dividends to a foreign parent
Global mobility & day tracking
Debt vs equity funding
Branch or subsidiary
Cross-border M&A due diligence
Expansion raises the same four questions every time — entity, PE, repatriation, payroll. We answer them before the tax authorities do.
India Tax for NRIs & Returning Residents
NRI residency day tests
NRE, NRO & FCNR accounts
TDS on property (s.195)
Lower or nil TDS certificate
Repatriating sale proceeds
Capital gains on Indian shares
India–Canada DTAA
ITR-2 for NRIs
The deduction is taken on the sale price, not the gain — which is why an NRI property sale strands cash unless the certificate is applied for before closing.
Canadian Tax with a Foreign Element
T1135 foreign property
T1134 foreign affiliates
Departure tax
Newcomer's first return
Returning to Canada
Split-year residency
US citizens in Canada
Canada–US corridor
Residency is decided on facts, not on a form — and the year you arrive or leave is the one where the largest amounts turn on the smallest details.
UAE Tax for Expats & Their Home Country
Expat tax in the UAE
Moving to the UAE
Moving back from the UAE
UAE property purchases
Retiring in the UAE
Canada–UAE corridor
India–UAE DTAA
US–UAE corridor
A zero-tax country is only half the answer — the question that decides the bill is whether the country you came from still treats you as resident.

Industries & Client Types We Serve Worldwide

Global E-commerce & Marketplaces
Technology & SaaS
Professional Services Firms
Cross-Border Real Estate
Importers, Exporters & Manufacturers
Athletes, Artists & Entertainers
Remote Workers & Digital Nomads
Investment Funds & Holding Companies
Global E-commerce & Marketplaces
  • Foreign VAT / GST / sales tax registrations
  • Marketplace withholding reviews
  • Inventory nexus & PE analysis
  • Multi-currency books reconciled
Explore E-commerce & Marketplaces
Technology & SaaS
  • Cross-border revenue sourcing & withholding
  • IP structuring with real substance
  • Equity for cross-border teams
  • U.S. expansion: entity & PE setup
Explore Technology & SaaS
Professional Services Firms

Firms and partners working across borders meet Regulation 105 withholding, PE risk on long engagements and per-country payroll for travelling staff.

A partnership is taxed in the hands of its partners, so one engagement abroad can reach every partner's personal return. The order matters: the waiver is applied for before the invoice, the presence is tracked before it becomes an establishment, and the payroll is registered before the first day worked in the other country.

  • Reg 105 / 102 waivers
  • Permanent establishment risk
  • Partner mobility planning
  • Cross-border withholding recovery
Explore Professional Services
Importers, Exporters & Manufacturers
  • Transfer pricing documentation (s.247)
  • Customs value vs transfer price
  • Foreign affiliate reporting (T1134)
  • Country-by-country reporting
Explore Trade & Manufacturing
Athletes, Artists & Entertainers
  • Reg 105 & U.S. CWA agreements
  • Multi-state & country calendars
  • Touring income allocation
  • Royalty & image-rights withholding
Explore Athletes & Entertainers
Remote Workers & Digital Nomads
  • Residency analysis before moving
  • Employer payroll exposure
  • Totalization & social security
  • Foreign tax credits
Explore Remote Workers
Investment Funds & Holding Companies
  • Treaty access & PPT reviews
  • FAPI & surplus computations
  • Withholding-efficient routing
  • Governance & substance
Explore Funds & Holdcos

LRS limits & TCS on remittances — questions we are asked

Do I file LRS limits & TCS on remittances even if no tax is owed?

Information return obligations of this kind are generally required on the facts rather than on the tax result, so a nil position does not remove one. Resident individuals remitting funds abroad and families funding education or property purchases overseas.

What happens if I have missed LRS limits & TCS on remittances for several years?

Missed years are dealt with as a package rather than one at a time, because the route chosen for the first year affects the relief available for the rest. We map the years and the obligations before anything is filed.

Is LRS limits & TCS on remittances the same as the other reports I already file?

No. How the remittance scheme's annual limit and the tax collected at source on outward remittances work together. Satisfying a different obligation, even one covering the same accounts or entity, does nothing for this one.

Is tax collected at source on a remittance an extra cost, or is it recoverable?

It is a prepayment rather than a final cost — the amount collected at the time of remittance is generally creditable against the individual's overall Indian tax liability for the year, so it reduces what is owed at filing time rather than being lost. The practical issue is the cash outflow at the time of the transfer, not a permanent loss of the amount collected.

Does the rate of tax collected at source depend on what the remittance is for?

Yes — the declared purpose on the remittance drives the applicable rate, which is why the purpose declaration and the tax collection question are really the same decision viewed from two angles, rather than two separate steps in the process.

How does sequencing remittances across a year actually help a family?

Because the scheme's annual limit and the tax-collection thresholds both operate across the whole financial year, spacing out several planned remittances — for education, travel or investment — with an eye on when the year resets can change both how much tax is collected upfront and how much of the annual limit remains available for a later, larger transfer.

If tax collected at source exceeds the actual tax owed for the year, what happens to the excess?

The excess is generally refundable once the year's return is filed and the full tax position is computed, the same way any other over-collection or over-deduction of tax during the year is reconciled — it is not simply retained, though it does mean the money is unavailable to the individual until the refund process runs its course.

What is RNOR status?

Resident but not ordinarily resident — a transitional category in India between non-residence and full residence, reached on the day counts after returning from a period abroad. While it lasts, certain foreign income stays outside the Indian tax base, which makes the timing of a return to India worth planning rather than leaving to chance. It is temporary, and the window is set by the day-count rules. See RNOR status.

How does a remittance actually work, and is it taxed?

A remittance is a transfer of money, not a category of income, and moving your own funds between your own accounts is not what creates tax. What can create tax is the income behind the money and the rules of the country it leaves. India, for instance, collects tax at source when a resident individual remits abroad under the Liberalised Remittance Scheme, and requires certification before certain payments leave. The transfer is the trigger for paperwork rather than for tax. See the LRS and tax collected at source.

Tax terms explained
Stock option benefitPaid-up capitalGift splitting183-day ruleDouble taxationBranchExemption methodLocal fileGAARWash saleForm 15CBForm 5472Mark-to-market electionAirdrop Browse the full A–Z glossary

Forms and situations related to LRS limits & TCS on remittances

The rest of this section

All Indian formsFC-GPR & FC-TRS — inbound investment (India)Schedule FSI — foreign source income (India)Form 67 — foreign tax credit claim (India)Residency: 182/60+365 day tests (India)Form 3CEB — TP accountant's report (India)RNOR determination (India)

Also relevant

Dividend repatriation from IndiaSelling agricultural land in India as an NRIMAT and AMT for foreign-owned companiesNRI joint accounts and clubbingRoyalty and fees for technical services — withholdingGifting money to family in India

Questions on this

Who files LRS limits & TCS on remittances?What is the late filing penalty for LRS limits & TCS on remittances?
Fixed fee agreed before we start

Let us take LRS limits & TCS on remittances off your desk

We scope it on a call, quote it in writing, and you see the result before anything is filed.

Contact Us 24-hour helpline +1 (416) 619-0068 See fixed fees
  • Re-quoted, never silently invoiced
  • A named reviewer signs off every filing
  • Offices in India, the USA, Canada and the UAE

Our practitioners are alumni of leading accounting and tax institutions

Where our partners studied — CPA Canada (In-Depth Tax Program), AICPA, the Institute of Chartered Accountants of India and the Malaysian Institute of Accountants.

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