https://www.taxtmi.com/news?id=14844 The Liberalized Remittance Scheme now allows resident individuals, including minors, to remit up to USD 250,000 per financial year for permissible current or capital account transactions, including education and maintenance of relatives; authorized dealers may permit higher amounts for education or medical treatment backed by an institutional estimate; small remittances feature simplified documentation and PAN is not insisted upon. Under Income-tax Rules, no CA certificate is required for specified remittances listed in explanation (2) to Rule 37BB, including education travel and personal gifts and donations. en-us Fri, 07 Aug 2015 18:30:44 +0530 Fri, 07 Aug 2015 18:30:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=14844 The Liberalized Remittance Scheme now allows resident individuals, including minors, to remit up to USD 250,000 per financial year for permissible current or capital account transactions, including education and maintenance of relatives; authorized dealers may permit higher amounts for education or medical treatment backed by an institutional estimate; small remittances feature simplified documentation and PAN is not insisted upon. Under Income-tax Rules, no CA certificate is required for specified remittances listed in explanation (2) to Rule 37BB, including education travel and personal gifts and donations. News - Fri, 07 Aug 2015 18:30:44 +0530 https://www.taxtmi.com/news?id=14844