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LIBERALIZED REMITTANCE SCHEME
International funds top return charts, but overseas investment limits persist. Should you continue SIPs or explore alternatives?- International funds deliver up to 50% returns in a year, subscriptions halted. Should investors book profits or stay invested?
- Sitharaman just gave NRIs more reasons to park their cash in India
- Budget 2025: TCS rationalisation to benefit investors willing to invest in global marketsBudget: Finance Minister Nirmala Sitharaman raised the TCS threshold on remittances under RBI’s Liberalized Remittance Scheme (LRS) from Rs...01 Feb, 2025, 04.01 PM IST
- TCS on sending money abroad is 20% in many cases: Will Budget 2025 reduce this to 5%?Reduce TCS on LRS in Budget 2025: Following the amendments made in the Income Tax Act, TCS on sending money abroad in specified cases attra...16 Jan, 2025, 01.03 PM IST
- Planning to remit more than $250,000? The RBI plans to keep a close watchBanks have requested the Reserve Bank of India to integrate with its Centralised Information Management System for real-time limit verifica...04 Nov, 2024, 02.46 PM IST
- Banks seek integration with RBI platform to monitor LRS limitsBanks in India have sought the Reserve Bank's approval for integration with its Centralised Information Management System (CIMS) to enable ...03 Nov, 2024, 10.53 PM IST
- Risk consulting firm White Matter Advisory acquires 90% stake in fintech FairexpayWhite Matter Advisory, operating under the name SaveDesk (White Matter Advisory India Pvt Ltd), is in the treasury risk advisory sector. It...29 Jul, 2024, 04.53 PM IST
- Residents can open foreign currency a/cs at GIFT City under LRSResident Indians can now open foreign currency accounts (FCAs) at Gift City under the liberalized remittances scheme (LRS) for a wider rang...11 Jul, 2024, 07.35 AM IST
- SBI customers can pay education fee to foreign universities in Indian rupee; check detailsThe State Bank of India (SBI) and Flywire, a global payments enablement and software firm, have announced a partnership that would enable I...22 Apr, 2024, 01.00 PM IST
- No TCS on overseas spending up to Rs 7 lakh per year by credit or debit cards: GOIThe Government of India on Friday has announced that individuals making payments using their international debit or credit cards, up to Rs ...19 May, 2023, 08.11 PM IST
- Government tightens rules on global credit card transactions by Indian travellers abroad, LRS comes into playThe Indian government has ended a key relaxation on the use of international credit cards (ICCs) by residents touring abroad. Such transact...18 May, 2023, 12.23 AM IST
- 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 of India under the Liberalised Remittance...01 Feb, 2023, 04.41 PM IST
- Here's what forms the bulk of outward remittances for IndiansThe outflow seems to be on an incline with different sectors including purchase of immovable property, deposits, debt, investment in equity...25 May, 2022, 05.02 PM IST
- ICICIdirect extends global investing services to more marketsThis facility is offered in association with Interactive Brokers, a US-based online brokerage firm. The entire customer journey, from on-bo...24 May, 2021, 09.14 PM IST
- Tax queries: Investment in Bitcoins not allowed under LRS schemeEvery week, an expert selected by ET answers queries from our readers on tax.04 Apr, 2018, 12.24 PM IST
- Property bought abroad must be in names of all those who remit funds for the purchase: RBIThe RBI has said that a property purchased overseas has to be in the name of all the members who are making the remittance.03 Sep, 2016, 11.18 AM IST
- High outbound flows slow deposit growthIndians remit three times more in Apr-Feb '16 than the entire FY15 after the RBI doubles cap.13 Apr, 2016, 12.22 PM IST
- Buying a house overseas easier now as RBI doubles NRI investment limitThe funds remitted overseas can be used for any activity except: speculation in exchanges, funding terror groups or for remittances to Bhut...04 Feb, 2015, 10.44 AM IST
- Outward remittances rise 23% during April-January 2010-11The latest data released by RBI showed that outward remittances by individuals rose 23% during April-January 2010-11 to $939 million.14 Apr, 2011, 03.57 PM IST
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