lrs scheme rbi circular

LRS scheme

LRS scheme, (Liberalized Remittance Scheme) 2024, Eligibility, Benefits & New Update

LRS scheme:- Indians who live overseas for work, school, or other reasons frequently require financial support from their friends and family back home. However, prior to 2004, the Foreign Exchange Management Act of 1999 imposed stringent limitations on the transfer of funds from India to other nations. For this reason, the Reserve Bank of India …

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Liberalised Remittance Scheme

Liberalised Remittance Scheme (LRS), Limit, Tax & Benefits

Liberalised Remittance Scheme:- Indians who live overseas for work, school, or other reasons frequently require financial support from their friends and family back home. However, prior to 2004, the Foreign Exchange Management Act of 1999 imposed stringent limitations on the transfer of funds from India to other nations. For this reason, the Reserve Bank of …

Liberalised Remittance Scheme (LRS), Limit, Tax & Benefits Read More »