You Searched For "Liberalised Remittance Scheme" and got 16 results
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2 mins read
Travel agents body calls for abolishing TCS ahead of its implementation from Oct 1
In a letter to the FM, TAAI President Jyoti Mayal said the TCS is a huge challenge for the tr…
PTI
2 mins read
Budget proposes hike in TCS on overseas travel, fund remittances out of India to 20%
Also, 20 per cent TCS will be applicable in cases where funds in excess of Rs 7 lakh are sent out o…
PTI
4 mins read
20% tax on foreign remittances make foreign investments unviable for retail investors
Budget announcement of 20% tax on foreign investments to make investments in the US markets less ap…
2 mins read
Indian migrants sent nearly $70bn back to the country in 2017, more than anyone else
Meanwhile, India’s neighbour China, which has 10 million migrants abroad, came in second place…
2 mins read
Indians are now sending more money abroad than ever before
The original limit was set at 25,000 dollars when the scheme was launched in 2004. This was l…
1 min read
RBI to allow opening of rupee account outside India
The RBI said it has finalised a strategic action plan for 2024-25 and envisaged liberalisation …
PTI
1 min read
ED attaches three properties of Hero Motocorp CMD & Chairman Pawan Munjal
In a massive action against the Hero Moto Corp CMD and Chairman, Pawan Munjal, the Enforcement Dire…
2 mins read
Some relief for Indians travelling abroad – credit card payments will not attract TCS
On Wednesday, the Indian government announced that spending through international credit cards abro…
2 mins read
Credit card payments on foreign tours to be brought under LRS to ensure compliance with TCS
Credit card payments for foreign travel will be brought under the purview of the Liberalised Remitt…
PTI
3 mins read
Credit card now under LRS ambit – 20% TCS to be charged on spends using international credit cards
The Central government has amended the rules under the Foreign Exchange Management Act to bring cre…
4 mins read
The Indian rich is buying property in Dubai – Tax benefits to rental yields, the driving forces at play
After the COVID pandemic got over, the real estate market has been going from strength to strength …
1 min read
Finance Bill passed in Lok Sabha amid opposition protest
The Lok Sabha on Friday passed the Finance Bill 2023 without any discussion through voice vote, ami…
6 mins read
New TCS regulations may pinch your wallet while travelling abroad. Here’s how you can minimise the impact
A threshold relaxation of ₹7 lakh per financial year from TCS has been given only for overseas spen…
3 mins read
“Should I sell my cryptocurrencies?” and other questions answered on India’s proposed Crypto Ban bill
One of the biggest questions in the minds of Indians holding cryptocurrencies is if they should sel…
1 min read
ED raids BMC ex-chief engineer in Mumbai; Dubai property papers recovered
New Delhi, Jan 17 () The ED on Friday said it has searched the premises of a former Mumbai-based ch…
PTI
2 mins read
Indians deposited 50% more funds in Swiss banks last year
While Swiss banking authorities have made efforts to clean up the sector and make it more compli…