Liberalised Remittance Scheme — Outward Remittance, Within Limit.
Advisory on remitting funds abroad under LRS for education, investment, travel and gifting, including the applicable TCS and bank documentation.
Book Free ConsultationThe Liberalised Remittance Scheme allows resident individuals to remit funds abroad up to a prescribed annual limit for a defined set of purposes, but the limit is tracked across all remittances in the year, across all authorised dealer banks used.
At N D Savla & Associates, we advise individuals in Nashik on structuring outward remittances under LRS — for education, investment, medical treatment, travel or gifting — within the annual limit and the tax collected at source that applies above the threshold.
We also prepare the Form A2 declaration and supporting documentation that authorised dealer banks require before processing an LRS remittance.
Our LRS Advisory Services
LRS Limit Tracking
Advisory on the annual LRS limit and remittances already made in the year.
Permissible Purpose Classification
Classification of the remittance purpose under the permitted LRS categories.
TCS on Outward Remittance
Advisory on tax collected at source applicable to the remittance amount.
Form A2 & Bank Documentation
Preparation of the declaration and supporting documents for the remitting bank.
Overseas Investment Under LRS
Advisory on remitting funds for investment in foreign securities or property.
Education & Medical Remittance Advisory
Advisory on remittances for overseas education and medical treatment.
Gift Remittance Advisory
Advisory on remitting funds abroad as a gift within the LRS limit.
TCS Credit in Income Tax Return
Advisory on claiming credit for TCS deducted on LRS remittances.
Our Our Advisory Process
Purpose & Eligibility Check
We confirm the remittance purpose falls within permissible LRS categories.
Annual Limit Reconciliation
Prior remittances in the financial year are reconciled against the LRS limit.
TCS Impact Assessment
Applicable tax collected at source is computed for the remittance.
Form A2 Preparation
The declaration and supporting documents are prepared for the bank.
Remittance & TCS Credit Tracking
The remittance is processed and TCS credit is tracked for the return.
Why It Matters
Frequently Asked Questions
Planning a remittance abroad under LRS?
Tell us the purpose and amount — we'll check the limit, the TCS impact and prepare the documentation.
