https://www.taxtmi.com/forum/issue?id=117989 Whether an entire remittance is a violation when an outward transfer exceeds the applicable Liberalised Remittance Scheme limit is a matter of regulatory interpretation. The LRS governs resident individual outward remittances, sets an annual ceiling per financial year, permits certain personal uses and prohibits others, and enforcement depends on interpretation of the limits and factual context; the document contains no cited authorities resolving whether liability attaches only to the excess or to the whole remitted amount. en-us Fri, 10 Jun 2022 11:03:51 +0530 Thu, 23 Jan 2025 15:54:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=117989 Whether an entire remittance is a violation when an outward transfer exceeds the applicable Liberalised Remittance Scheme limit is a matter of regulatory interpretation. The LRS governs resident individual outward remittances, sets an annual ceiling per financial year, permits certain personal uses and prohibits others, and enforcement depends on interpretation of the limits and factual context; the document contains no cited authorities resolving whether liability attaches only to the excess or to the whole remitted amount. Discussion-Forum FEMA Fri, 10 Jun 2022 11:03:51 +0530 https://www.taxtmi.com/forum/issue?id=117989