Thread: NRI sending money from india to australia through selling property
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Old 07-05-08   #2
Jeetendra is offline Jeetendra
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Default US$200,000 in one FY
According to Govt. rules any persons residing in India cannot remit outwards currency greater than US$200k in 1 FY. However both in their individual names can send same amount therefore doubling it to US$400k. For more info http://www.khaleejtimes.com/DisplayN...path=April2008

Hope this helps....






Quote:
Originally Posted by harry1979 View Post
HI,
I am a NRI in australia and my parents are planning to sell some agricultural lands which they have in thier name and send money to me in australia for starting a business around 2.5 crore.What restirctions they have in sending and me in recieving and also how to transfer money from india to australia with best competitive rates.
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