Parents can fund NRI child's overseas home under LRS rules
In short
Indian resident parents can use the RBI's LRS to help an NRI or OCI child buy property abroad. The annual limit mentioned is $250,000, and the reporting says gifts, loans, TCS and documents all matter.
This matters because the wrong setup could create tax or compliance issues. The report does not give a single tax result that applies to every case.
What the reporting says
Indian resident parents can remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme to fund an NRI or OCI child's overseas property purchase, according to the publisher-supplied summaries. The reports say ownership structure, gift or loan treatment, TCS, documentation and foreign tax rules also matter. The immediate consequence is that families must check compliance before sending money, but the exact tax outcome depends on the structure used.
Why it matters
The reporting says Indian resident parents may use the RBI's Liberalised Remittance Scheme to fund an overseas property purchase for an NRI or OCI child, up to $250,000 a year. It also flags that the transfer could be treated as a gift or loan and may trigger TCS or foreign tax issues. That makes the structure of the remittance important. The source does not state a universal tax treatment.