Liberalised Remittance Scheme allows resident individuals to remit funds abroad to purchase immovable property under specified compliance conditions. Resident individuals may remit funds abroad to acquire immovable property under the Liberalised Remittance Scheme (LRS), and remittances may be consolidated for resident relatives who comply with the Scheme's terms and conditions, with 'relative' defined as per the referenced statutory definition.
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Provisions expressly mentioned in the judgment/order text.
Liberalised Remittance Scheme allows resident individuals to remit funds abroad to purchase immovable property under specified compliance conditions.
Resident individuals may remit funds abroad to acquire immovable property under the Liberalised Remittance Scheme (LRS), and remittances may be consolidated for resident relatives who comply with the Scheme's terms and conditions, with "relative" defined as per the referenced statutory definition.
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