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          FEMA

          What is the Liberalised Remittance Scheme (LRS) of USD 2,50,000 ?

          Liberalised Remittance Scheme - As on Apr 06, 2023

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          Liberalised Remittance Scheme permits resident individuals annual outward remittances for permissible current or capital account transactions within prescribed limits. The Liberalised Remittance Scheme allows resident individuals, including minors (with guardian countersignature), to remit funds abroad for permissible current or capital account transactions up to USD 2,50,000 per financial year; corporates, firms, HUFs and trusts are excluded and remittances must comply with FEMA provisions and the specified permissible purposes.
                            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 resident individuals annual outward remittances for permissible current or capital account transactions within prescribed limits.

                                  The Liberalised Remittance Scheme allows resident individuals, including minors (with guardian countersignature), to remit funds abroad for permissible current or capital account transactions up to USD 2,50,000 per financial year; corporates, firms, HUFs and trusts are excluded and remittances must comply with FEMA provisions and the specified permissible purposes.


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