Guides
Plain-language guides for parents
LRS and TCS explained: sending money abroad for education and investingEach resident can send up to US$250,000 a year abroad. TCS is nil on the first ₹10 lakh; above that it is 2% for education from your own funds, nil for an education loan and 20% for investing.Investing abroad from India: directly via LRS or through Indian international funds?Two routes to dollar assets: Indian mutual funds that invest overseas (in rupees, no LRS) or buying global ETFs directly in your own name under the LRS. How they differ on limits, tax and currency.UCITS ETFs vs US-listed ETFs for Indian investorsUS-listed ETFs can expose Indian holders to US estate tax above US$60,000 and 25% dividend withholding. Ireland-domiciled UCITS ETFs track the same indices with neither of those problems.Schedule FA: reporting foreign assets in your Indian tax returnResident Indians must list every foreign asset — overseas bank or brokerage accounts, shares, ETFs — in Schedule FA of the ITR each year. Missing it can mean a ₹10 lakh penalty.
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