Buying property abroad for your NRI child? Know how much Indian parents can transfer and the tax implications

For Indian parents with funds sitting at home, helping an NRI or OCI child buy property overseas may seem as simple as making a wire transfer.

But the reality is that this transaction sits inside a specific regulatory framework: India's Foreign Exchange Management Act (FEMA) and the Reserve Bank of India's (RBI) Liberalised Remittance Scheme (LRS), and getting the structure wrong can create tax and compliance headaches for both parent and child.