TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Circulars
of of All Circulars
Note
Bookmark
Share
Don't have an account? Register Here
of <h1>Liberalised Remittance Scheme Limit Raised to USD 100,000 for Residents; Certain Transactions Still Restricted Under FEMA 1999.</h1> The circular informs all Category I Authorised Dealer banks about the enhancement of the Liberalised Remittance Scheme limit for resident individuals from USD 50,000 to USD 100,000 per financial year. This change allows remittances for permissible current or capital account transactions. However, remittances for non-permissible transactions, such as margins to overseas exchanges, remain prohibited. Banks are also prohibited from offering credit facilities to facilitate these remittances. Other conditions from previous circulars remain unchanged, and necessary amendments to relevant regulations will be notified separately. The circular is issued under the Foreign Exchange Management Act, 1999.
TaxTMI 
TaxTMI 
