What should be a FEMA Lawyer’s professional fees for providing a one time consulting

[User_71b17e03]

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User_71b17e03
PARTICIPANT
February 7, 2025 at 7:29 am

I know thw question sounds vague but I will try to clarify it. So an acquaintance wants to repatriate their inheritance from India(Mumbai) to USA as they wish to permanently settle there. The amount is roughly equal to Rs 15 Crore. Since it is a family of four, including minor children, they can do it under LRS over a period of two years. The compliance is also straight forward relatively. The consultant merely needs to assist them with filing the A2 form. However, every consultant they have spoken to has quoted a fees above Rs Two Lakh to provide consultancy in getting the amount repatriated. I am unaware of the charges generally quoted and want to know if this is the norm in the industry. WHat are the parameters that are to be considered? Reputation of the lawyer and amount of remittance could be the factors. Kindly help.

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[Braveanvi8270]

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Braveanvi8270
PARTICIPANT
February 7, 2025 at 7:52 am

Normally it is the size of the remittance which determines the fees charged by such players.

Lawyers play this game of % in everything, from property dispute to compensation claim to inheritance battles.

2L sounds fine for 15cr remittance.

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[User_71b17e03]

U

User_71b17e03
OP
February 7, 2025 at 7:58 am

Ok. Seemed unfair considering the work is minimal but if the industry charges as a percentage, I guess it is fine.

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[Rashmithinker708]

R

Rashmithinker708
PARTICIPANT
February 7, 2025 at 12:23 pm

Actual work maybe minimal, but to do that one needs knowledge and experience. They are charging for that.

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[User_71b17e03]

U

User_71b17e03
OP
February 7, 2025 at 2:19 pm

I guess that makes sense

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[Ashishmaster940]

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Ashishmaster940
PARTICIPANT
February 7, 2025 at 8:33 am

Lawyer here.

The consultant merely needs to assist them with filing the A2 form: please explain this? 

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[User_71b17e03]

U

User_71b17e03
OP
February 7, 2025 at 8:42 am

Yes. They have cash. They just need it in their US account without violating FEMA.

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[Ashishmaster940]

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Ashishmaster940
PARTICIPANT
February 7, 2025 at 8:48 am

$ 2,50,000 is the annual limit. 

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[User_71b17e03]

U

User_71b17e03
OP
February 7, 2025 at 9:01 am

There are four people in the family. So they can get the amount transferred in two financial years if I am correct.

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[User_cdaa0971]

U

User_cdaa0971
PARTICIPANT
February 7, 2025 at 10:12 am

If they’re nris it should be 1 million dollars

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[User_71b17e03]

U

User_71b17e03
OP
February 7, 2025 at 10:24 am

Resident in India since Jan 2024. Anyways, my concern was about the reasonable nature of the CA fees or otherwise.

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