Will the expenses incurred by an LLP to sponsor the education expense of its partners who are pursuing higher studies for the benefit of the LLP will be outside the LRS limit of such individuals (partners)?

Will the expenses incurred by an LLP to sponsor the education expense of its partners who are pursuing higher studies for the benefit of the LLP will be outside the LRS limit of such individuals (partners)? https://www.taxtmi.com/manuals?id=5914 Expenses incurred by an LLP to sponsor partners' higher studies for the LLP's benefit fall outside the partners' Liberalised Remittance Scheme limits because the LLP is a separate legal entity; such sponsorship is treated as a residual current account transaction of the LLP and not subject to individual LRS ceilings. en-us Mon, 25 Nov 2024 12:32:00 +0530 Mon, 25 Nov 2024 12:32:00 +0530 TaxTMI RSS Generator Will the expenses incurred by an LLP to sponsor the education expense of its partners who are pursuing higher studies for the benefit of the LLP will be outside the LRS limit of such individuals (partners)? https://www.taxtmi.com/manuals?id=5914 Expenses incurred by an LLP to sponsor partners' higher studies for the LLP's benefit fall outside the partners' Liberalised Remittance Scheme limits because the LLP is a separate legal entity; such sponsorship is treated as a residual current account transaction of the LLP and not subject to individual LRS ceilings. Manuals FEMA Mon, 25 Nov 2024 12:32:00 +0530 https://www.taxtmi.com/manuals?id=5914