Search
Advertisement
nri
Investing in US stocks from India: How the ₹10 lakh TCS threshold works
Under the Reserve Bank of India’s Liberalised Remittance Scheme, resident individuals can remit up to US$250,000 per financial year, from April 1 to March 31, for permitted transactions, including overseas investments, subject to applicable regulations.
TCS generally applies at 20% on the amount exceeding ₹10 lakh in a financial year for LRS remittances other than specified education and medical treatment purposes.