Quote from: karan1498 on June 18, 2017, 06:13:00 AM

Quote from: S_D on June 18, 2017, 05:26:14 AM

In a way.. Yes. RBI has defined different limits for different purposes. However the total LRS limit is $250,000.
Above this LRS limit you would need approval. Also banks are getting stricter and would ask for an approval even before crossing this limit. And again if you had to ask about FEMA limits on this forum, you most probably aren't dealing in huge amounts so don't worry about it.

If you are trading via CC/DC, keep low profile and you should be okay. Not suggest anything illegal or pointing towards legal loophole here, but hope you get my point.

bro i am dealing with huge amounts via cc/dc mostly dc . i almost do tx of 2000 to 5000$ daily . is there anything to be careful or aware of?

and i didnt get the meaning of low profile here , will you make me understand please?

You should seriously consult with a Tax consultant / CA immediately man

; that's not a small amount to keep Low profile .