https://www.taxtmi.com/article/detailed?id=15845 Liberalised Remittance Scheme allows resident individuals (including minors with guardian countersignature) to remit up to USD 2,50,000 per financial year for specified current and capital account purposes under FEMA and RBI directions; remittances beyond this require RBI approval. Permitted uses include foreign bank accounts, overseas property, ODI/OPI subject to Overseas Investment Regulations, and specified current-account items. Prohibitions include transactions barred by FEMA, margin-trading remittances, transfers to FATF non-cooperative jurisdictions, and dealings with terrorist-linked entities. Compliance requires Form A2, PAN, designated Authorised Dealer branch, source-of-funds verification, repatriation of unutilised foreign exchange, KYC/AML, reporting, and record-keeping. en-us Tue, 10 Feb 2026 08:34:38 +0530 Tue, 10 Feb 2026 08:34:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15845 Liberalised Remittance Scheme allows resident individuals (including minors with guardian countersignature) to remit up to USD 2,50,000 per financial year for specified current and capital account purposes under FEMA and RBI directions; remittances beyond this require RBI approval. Permitted uses include foreign bank accounts, overseas property, ODI/OPI subject to Overseas Investment Regulations, and specified current-account items. Prohibitions include transactions barred by FEMA, margin-trading remittances, transfers to FATF non-cooperative jurisdictions, and dealings with terrorist-linked entities. Compliance requires Form A2, PAN, designated Authorised Dealer branch, source-of-funds verification, repatriation of unutilised foreign exchange, KYC/AML, reporting, and record-keeping. Articles FEMA - Foreign Exchange Management Tue, 10 Feb 2026 08:34:38 +0530 https://www.taxtmi.com/article/detailed?id=15845