Hello all,
I am a Canadian PR holder presently living in Ontario for the last 2 years and I'd like to know what is the limit of Forex that I can carry with my out of India. I plan on travelling to India soon and I would like to bring around $210,000 CAD with me when I return to Canada. I understand that I would have to declare the amount while leaving India and on entering Canada but is there a maximum limit on the amount I can carry (all financial instruments put together)?
I have an option of remitting the amount to Canada directly (through ICICI bank) but the TCS deducted would be nearly 6lakh INR which I would like to avoid paying if there is another way.
Looking forward to your advice.
Regards,
RV
I am a Canadian PR holder presently living in Ontario for the last 2 years and I'd like to know what is the limit of Forex that I can carry with my out of India. I plan on travelling to India soon and I would like to bring around $210,000 CAD with me when I return to Canada. I understand that I would have to declare the amount while leaving India and on entering Canada but is there a maximum limit on the amount I can carry (all financial instruments put together)?
I have an option of remitting the amount to Canada directly (through ICICI bank) but the TCS deducted would be nearly 6lakh INR which I would like to avoid paying if there is another way.
Looking forward to your advice.
Regards,
RV