https://www.taxtmi.com/acts?id=2187 Individuals may remit foreign exchange for specified current account purposes under the Liberalised Remittance Scheme up to an annual entitlement; remittances exceeding that entitlement for listed purposes require prior approval of the Reserve Bank. Residents not permanently resident may remit up to net salary subject to deductions. Persons other than individuals must obtain prior approval for certain high value donations, agent commissions for property sales, consultancy payments for infrastructure and other projects, and reimbursement of pre incorporation expenses beyond prescribed thresholds. Remittance procedure aligns with the Liberalised Remittance Scheme. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 18 Feb 2026 14:23:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=2187 Individuals may remit foreign exchange for specified current account purposes under the Liberalised Remittance Scheme up to an annual entitlement; remittances exceeding that entitlement for listed purposes require prior approval of the Reserve Bank. Residents not permanently resident may remit up to net salary subject to deductions. Persons other than individuals must obtain prior approval for certain high value donations, agent commissions for property sales, consultancy payments for infrastructure and other projects, and reimbursement of pre incorporation expenses beyond prescribed thresholds. Remittance procedure aligns with the Liberalised Remittance Scheme. Act-Rules FEMA Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=2187