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>RBI Doubles Liberalised Remittance Scheme Limit for Individuals to USD 200,000 Annually under FEMA 1999.</h1> The circular issued by the Reserve Bank of India (RBI) announces an increase in the Liberalised Remittance Scheme limit for resident individuals from USD 100,000 to USD 200,000 per financial year. This decision, made in consultation with the Government of India, allows Authorized Dealer Category - I banks to facilitate remittances up to the new limit for any permitted current or capital account transaction. All other existing terms and conditions remain unchanged. Amendments to relevant regulations will be notified separately, and banks are instructed to inform their customers of this update. The circular is issued under the Foreign Exchange Management Act, 1999.
TaxTMI 
TaxTMI 
