Liberalised Remittance Scheme permits acquisition of immovable property abroad and withdraws related post facto reporting. The Liberalised Remittance Scheme for resident individuals is clarified to permit use for acquisition of immovable property abroad, and the prior post facto reporting requirement applicable to such remittances is withdrawn; these directions are issued under the Foreign Exchange Management Act and remain subject to any other statutory permissions or approvals.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Liberalised Remittance Scheme permits acquisition of immovable property abroad and withdraws related post facto reporting.
The Liberalised Remittance Scheme for resident individuals is clarified to permit use for acquisition of immovable property abroad, and the prior post facto reporting requirement applicable to such remittances is withdrawn; these directions are issued under the Foreign Exchange Management Act and remain subject to any other statutory permissions or approvals.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
