Parents Helping NRI Kids Buy Homes? Know the Money Rules!

So, like, if you're an Indian parent trying to help your NRI kid buy a pad overseas, listen up! You can only send $250K a year under this fancy LRS rule, and if both parents join the party, you can double that! But if you’ve already sent cash for other stuff, that amount gets slashed. Decide if it’s a gift or a loan before you hit send, because the taxman is lurking!