Topic hub
LRS, TCS, Remittance and Compliance
Getting money out of India legally, and getting it back — limits, forms, timelines and taxes at each step.
Start here.
The Liberalised Remittance Scheme in practice — the USD 250,000 limit, how to send money abroad for investment, TCS on remittances, and how to bring the money back.
The Liberalised Remittance Scheme is the legal foundation of overseas investing for Indian residents. It permits remittances of up to USD 250,000 per individual per financial year for permitted purposes, and overseas equity investment is one of them.
In practice the scheme raises three separate questions. Getting money out: which form, which purpose code, how long it takes, and what the bank charges in forex markup that rarely appears on a fee schedule. TCS: 20% on investment remittances above ₹10 lakh cumulative per PAN in a financial year — creditable against your tax liability, but a real cashflow effect at the time of remittance. And getting money back: the sell, settle and repatriate sequence, with tax consequences at each stage.
The exit path is worth reading before the entry path. It is the question that most often stops a first deposit.
30 articles in this topic
In order of publication, newest first. An article can sit in more than one hub, so a piece here may appear under another subject too.
How to Buy SpaceX (SPCX) Shares from India (2026)
US StocksOctober 20264 min read
SpaceX trades on Nasdaq as SPCX, at US$159.31 a share on 21 October 2026. Indians buy it under LRS via a GIFT City app or overseas broker, not at the IPO price.
How to Buy Amazon Shares from India (2026)
US StocksOctober 20266 min read
Amazon (AMZN) is listed on Nasdaq, not NSE. Residents buy it under LRS via a GIFT City app or overseas broker: US$262.37 a share on 21 October 2026, about US$1.74 in app fees on US$500.
How to Buy Microsoft Shares from India (2026)
US StocksOctober 20264 min read
Microsoft (MSFT) is listed only on Nasdaq. Residents buy it under LRS via a GIFT City app or overseas broker: US$532.95 a share on 21 October 2026, with a US$0.98 quarterly dividend.
How to Buy Apple Shares from India (2026)
US StocksOctober 20267 min read
Apple (AAPL) is listed on Nasdaq, not in India. Residents buy it under LRS through a GIFT City app or overseas broker, in fractions from about US$1; AAPL closed at US$343.99 on 21 October 2026.
How to Buy Meta Shares from India (2026)
US StocksOctober 20266 min read
Meta (META) is listed on Nasdaq, not in India. Residents buy it under LRS through a GIFT City app or overseas broker; Meta has declared a one-time Class C stock dividend for January 2027.
NSE IFSC Receipts Are Closing: What Holders Must Do Before the January 2027 Deadlines
GIFT CityOctober 20266 min read
NSE IX is closing its NSE IFSC Receipts programme: sell by 29 January 2027 or convert whole-share lots into US shares by 20 January; dealing ends on 1 February 2027.
How to Buy Broadcom Shares from India (2026)
US StocksOctober 20265 min read
Broadcom (AVGO) is listed on Nasdaq, not in India. Residents buy it under LRS via a GIFT City app or overseas broker: price, dividend, a US$500 cost example, tax and risks.
How to Buy AMD Shares from India (2026)
US StocksOctober 20266 min read
AMD is listed on Nasdaq, not in India. Residents buy it under LRS via a GIFT City app or overseas broker, often in fractions: price, Q2 2026 results, a US$500 cost example, tax and risks.
How to Buy Google (Alphabet) Shares from India (2026)
US StocksOctober 20266 min read
Alphabet is listed on Nasdaq, not in India. Residents can buy GOOGL or GOOG under LRS via a GIFT City app or overseas broker; both classes get the same US$0.22 quarterly dividend.
How to Buy Tesla Shares from India (2026)
US StocksOctober 20266 min read
Tesla (TSLA) is listed on Nasdaq, not in India. Residents buy it under LRS through a GIFT City app or overseas broker, often in fractions from about US$1; Tesla pays no dividend.
Indian ADR List 2026: Indian Companies Listed in the US
US StocksOctober 20265 min read
Six Indian companies have US ADRs: Infosys, Wipro, HDFC Bank, ICICI Bank, Dr. Reddy’s and Sify. Ratios, ADR vs NSE prices, and why residents generally cannot hold them.
How to Claim TCS Credit in Your ITR (With Examples)
TaxationOctober 20266 min read
TCS on an LRS remittance is tax already paid. Claim it in Schedule TCS of the return for the year it was collected, or have your employer cut salary TDS.
US Semiconductor Stocks and ETFs: A Guide for Indian Investors (2026)
ETFsOctober 20267 min read
Indians can buy US chip stocks and ETFs such as SMH and SOXX under LRS. The value chain, fund weights, risks, a US$500 cost example and tax rules, as of October 2026.
Leveraged and Inverse ETFs: What Indian Investors Should Know (2026)
ETFsOctober 20265 min read
India has no leveraged or inverse ETFs. US funds such as TQQQ, SQQQ and SOXL exist, but whether residents may buy them under LRS is unsettled; daily resets can erode returns.
How to Transfer RSUs to India: Shares, Sale Proceeds and Tax (2026)
RSUsOctober 20266 min read
Vested RSU shares, held with a US plan broker, can’t go into an Indian demat account. Keep them, sell and wire dollars home, or move them in kind; idle dollars must be reinvested or repatriated within 180 days.
Can You Buy US Stocks on Indian Broking Apps? (2026)
ComparisonOctober 20264 min read
In 2026 several large Indian broking apps began offering US stocks through GIFT City. How they work, what they charge and the rules that apply on every app.
How to Buy Nvidia Shares from India (2026)
US StocksOctober 20267 min read
NVDA trades only on Nasdaq. Indians can buy it through a GIFT City app or an overseas broker under LRS, often in fractions from US$1; 20% TCS applies only above ₹10 lakh a year.
US IPOs: How Indian Investors Can Buy Newly Listed Shares
IPOsOctober 20266 min read
Resident Indians cannot get US IPO shares at the offer price, but can buy newly listed shares under LRS once they start trading on Nasdaq or the NYSE.
Form 67: How to Claim Foreign Tax Credit on US Dividends (Step by Step)
TaxationOctober 20267 min read
Form 67 claims credit for the 25% US tax on dividends. For FY 2025-26 income it is due by 31 March 2027; income from 1 April 2026 moves to Form No. 44.
Schedule FA Penalty: What Happens If You Don’t Report Foreign Stocks in Your ITR
TaxationOctober 20267 min read
Every US share and ETF must go in Schedule FA at any value. The ₹10 lakh Black Money Act penalty, the ₹20 lakh carve-out and how to fix a missed entry.
Tax on US Stocks Bought Through GIFT City (2026 Guide)
GIFT CityOctober 20267 min read
GIFT City does not change your tax as an Indian resident: 12.5% on long-term gains, slab rate on short-term gains and dividends, with worked examples for 2026-27.
Is Investing in US Stocks Legal, and What Are the Risks?
US StocksAugust 20265 min read
The RBI scheme that makes it legal, who regulates the account, where your shares are actually held, what SIPC does and does not cover — and the risks to weigh.
Schedule FA: Reporting US Stocks and Foreign Assets in Your ITR
TaxationAugust 20265 min read
Disclosure is triggered by holding the asset, not by profiting from it. What to report, the calendar-year trap, peak value, and why the penalty exposure is disproportionate.
TCS on LRS Remittances: 20% Above ₹10 Lakh, and How It Is Credited
LRS & ComplianceAugust 20265 min read
TCS is a prepayment of your own tax, not a charge for investing abroad. How the cumulative threshold works, why the 2% rate does not apply, and the cost that is real.
How to Report US Stocks in Your ITR: A Step-by-Step Walkthrough
TaxationAugust 20265 min read
Which form, which schedules, how to convert USD gains, where the foreign tax credit goes, and the six mistakes that cause most of the trouble.
Minimum Investment and the Real Costs of US Investing
US StocksAugust 20265 min read
There is no account minimum and no share-price barrier. The real floor is set by remittance costs, which are largely fixed per transfer — and that changes how you should invest monthly.
How to Transfer Money Abroad for US Stock Investing
LRS & ComplianceAugust 20265 min read
Form A2, purpose codes, SWIFT and timelines — plus the forex markup that is usually the largest cost and the least visible, and why the TCS threshold is cumulative.
How to Withdraw Money from US Stocks Back to India
LRS & ComplianceAugust 20265 min read
Sell, settle on T+1, request withdrawal, receive funds in your own account. The exit path in full, including why the tax event is the sale rather than the repatriation.
LRS Explained: How Indian Residents Can Invest Overseas
LRS & ComplianceJune 20266 min read
The Liberalised Remittance Scheme is the gateway to overseas investing — how the USD 250,000 limit, TCS, and foreign-asset reporting actually work.
GIFT City: India's Gateway to Global Investing
GIFT CityJune 20266 min read
GIFT City and India's IFSC give investors a regulated, India-linked gateway to global markets — how the route works under the LRS, and the tax, currency, and regulatory factors to weigh.
Asked most often about LRS, TCS, Remittance and Compliance
Answered here word for word as they are published to search engines as structured data. Nothing is summarised for the page.
How much can I send abroad under the LRS?
Up to USD 250,000 per individual per financial year, across all permitted purposes combined, from your own funds; overseas equity investment is one of the permitted purposes. The limit is per person, so family members each have their own. Each family member must invest from their own funds, with their own documentation; RBI does not allow LRS limits to be pooled, and income on money gifted to a spouse may be taxed in the giver's hands.
When does TCS apply to my remittance and at what rate?
For remittances made for investment, TCS applies at 20% on the amount exceeding ₹10 lakh of total LRS remittances under your PAN in a financial year. The threshold was raised from ₹7 lakh to ₹10 lakh with effect from 1 April 2025. The reduced 2% rate introduced for education and medical remittances does not apply to investment remittances.
Is TCS money I lose?
No. TCS is a tax collected in advance, not an additional charge. It is credited against your income tax when you file your return, so it is an advance, not an extra tax. Any refundable excess depends on your tax position and the filing process. The real effect is on cashflow and timing rather than on total cost.
How do I bring money back to India from my US brokerage account?
You sell the securities, wait for the proceeds to settle on a T+1 basis, then place a withdrawal request specifying the amount and your bank details. The receiving bank account must be in your own name.
Do I need to report my overseas account even if I never withdraw?
Yes. Reporting in Schedule FA is triggered by holding the foreign asset, not by repatriating or realising a gain from it.
The other hubs.
6 more subjects cover the rest of the ground, from the remittance route to what is owed at the far end of it.
Investing in US Stocks from India
Everything an Indian investor needs to buy US-listed shares — the legal route, the practical steps, the real costs.
Tax on US Stocks and Global Investments
Capital gains, dividends, withholding, credits and disclosure — the full tax picture for an Indian investor holding US assets.
Understanding the US Stock Market
When the US market is open in IST, which exchange is which, and what the headline indices actually track.
US ETFs, Index Funds and International Mutual Funds
Index exposure without picking stocks — and how the route you choose changes your tax treatment.
International and Global Investing
Why investors hold assets outside India, what it can and cannot do, and the factors that bear on how much.
Getting Started with Global Investing
New to this? Start here — the routes, the process and the questions worth settling first.
Where to go next
Next: read the guides above, or speak to a tax adviser about your situation.