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Category: Foreign Remittance (FEMA)

Liberalised Remittance Scheme (LRS)

LIBERALISED REMITTANCE SCHEME (LRS)

24th August 202320th September 2023 CA Sakshi Agarwal

🔊 Play The Liberalized Remittance Scheme (LRS) is part of the Foreign Exchange Management Act (FEMA) 1999, laying down the guidelines for outward remittance from India. Under LRS, all resident individuals, including minors, are allowed to freely remit up to USD250,000 per financial year (April – March). 1.    Who is eligible to remit funds outside India […]

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