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 ... Summary
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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