LRS (Liberalised Remittance Scheme) – Key Provisions
Consider the following statements regarding the Liberalised Remittance Scheme (LRS): All resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year. The Scheme is also available to corporates and Hindu Undivided Family (HUF). There are no restrictions on the frequency of remittances under the scheme, as long as the … Read more