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REMITTANCE DEFINITION
India banks could raise $35-$40 billion via RBI's foreign currency deposit scheme, PNB CEO Ashok Chandra says- Exclusive | Is the India story over for FIIs? BofA says investors don't want to miss what's next
- Invested in US stocks directly and made forex gains due to depreciating Rupee? Know how to compute tax on forex gains and report it in ITR
- RBI's new draft guidelines have digital wallets feeling the pinchFounders and senior industry executives told ET that the new draft guidelines released by the RBI on April 22, if implemented in the curren...21 May, 2026, 06.00 AM IST
- Can you fulfil your study abroad dream without going broke? Here are 7 ways to minimise costsStudying abroad involves more than just academic merit; it's a significant financial investment. Indian students often underestimate hidden...25 Apr, 2026, 06.30 AM IST
- Six big TDS & TCS changes for Tax Year 2026-27: From TDS on NRI property to TCS on overseas remittance for education, know all that has changedNew tax rules for Tax Year 2026-27 begin April 1, 2026. Key changes affect TDS on NRI property and TCS on overseas remittances for educatio...07 Apr, 2026, 02.31 PM IST
- Iran's Gulf attacks put India’s money flowing engine into one of the toughest testsIndia's essential remittance inflows are confronting an extraordinary obstacle. The intensifying turmoil in West Asia is fueling anxiety am...07 Apr, 2026, 01.14 PM IST
- New income tax rules from April 1, 2026: From HRA relief to new ITR deadlines, key changes explainedNew income tax rules: Significant income tax changes are coming from April 1, 2026, with the Income Tax Act of 2025 replacing the 1961 act....01 Apr, 2026, 02.19 PM IST
- 3.5% Excise Tax on transfers: What Trump’s bill means for global Indians, Poonam Mirchandani decodesA new US bill introduces a 3.5% excise tax on overseas remittances from non-citizens, including NRIs and immigrants, effective January 2026...06 Jun, 2025, 11.55 AM IST
- Investors, foreign travellers to get more cash in hand as Budget 2025 hikes TDS, TCS limitsBudget 2025 has proposed higher thresholds for tax deducted at source (TDS) and tax collected at source (TCS). The new thresholds will aid ...02 Feb, 2025, 03.19 PM IST
- Union Budget: TDS relief for small taxpayers, TCS boost for international tripBudget 2025 proposes increasing threshold limits for tax deducted at source (TDS) across various income categories, benefiting small taxpay...02 Feb, 2025, 12.10 PM IST
- What are the new TCS rates for foreign remittances applicable from October 1, 2023Here is the rate you will be charged for foreign remittances under LRS below and above Rs.7 lakh.10 Jul, 2023, 06.30 AM IST
- TCS applicable on international remittance for education, medical treatmentThe Indian government has clarified that remittances for education and medical treatment expenses will cover associated costs like internat...01 Jul, 2023, 10.08 AM IST
- Fall in outward remittances good news for India's current accountThis is the first time annual remittance outflows contracted since 2015 when the Reserve Bank of India (RBI) doubled the annual limit for s...08 Jul, 2021, 08.42 PM IST
- Domestic remittances reach 60-80% of pre-pandemic levelsThe flow of domestic remittances revived in September, suggesting that the migrant crisis that ensued during the initial months of the lock...30 Sep, 2020, 07.22 AM IST
- PAN becomes mandatory for sending money abroad for kids studies, investing: LRS rules tightenedRBI has tightened the rules for remitting money abroad under the Liberalised Remittance Scheme and made PAN mandatory for anyone using this...06 Jun, 2018, 04.27 PM IST
- PM Narendra Modi seeks G20 deadline to lower cost of remittancesWith about USD 70 billion in remittances in 2013, India is the largest recipient of officially recorded remittances in the world.15 Nov, 2015, 08.09 PM IST
- Firms can remit out salaries of foreigners working in IndiaThe Reserve Bank today allowed companies to remit overseas the salaries of foreigners working in the country.22 Jan, 2015, 11.07 PM IST
- Xpress Money to seek RBI nod to enter account credit segmentMoney transfer firm, Xpress Money is planning to move the Reserve Bank for a rupee drawing arrangement licence, a top company official has ...13 Oct, 2013, 05.04 PM IST
- SBI corners a third of remittance pie in Q1The State Bank of India's share in cash remittances from overseas has jumped sharply as the bank aggressively expanded overseas and opened ...24 Nov, 2010, 07.18 AM IST
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