https://www.taxtmi.com/circulars?id=54193 The Liberalised Remittance Scheme permits resident individuals to remit funds abroad up to the specified annual limit for permitted current and capital account transactions. Authorised Dealers must obtain Form A2, verify PAN and KYC, maintain due diligence and reporting, refuse suspected contraventions, and not extend credit to facilitate capital remittances. Permitted uses include travel, gifts, education, medical treatment, studies, certain overseas investments and loans/gifts to NRI/PIO relatives subject to prescribed conditions. Funds or income from overseas investments must be repatriated and surrendered within the stipulated period unless reinvested. en-us Fri, 01 Jan 2016 00:00:00 +0530 Tue, 23 Sep 2025 11:05:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=54193 The Liberalised Remittance Scheme permits resident individuals to remit funds abroad up to the specified annual limit for permitted current and capital account transactions. Authorised Dealers must obtain Form A2, verify PAN and KYC, maintain due diligence and reporting, refuse suspected contraventions, and not extend credit to facilitate capital remittances. Permitted uses include travel, gifts, education, medical treatment, studies, certain overseas investments and loans/gifts to NRI/PIO relatives subject to prescribed conditions. Funds or income from overseas investments must be repatriated and surrendered within the stipulated period unless reinvested. Circulars FEMA Fri, 01 Jan 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=54193