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Daily Archives: August 23, 2021

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Which capital account transactions are permitted under the LRS scheme?

Foreign ExchangeBy Surendra NaikAugust 23, 2021

Liberalised Remittance Scheme is a scheme introduced by RBI as a liberalization measure to facilitate Resident Individuals (RI) to freely remit funds up to USD 2, 50,000/- outside India in a financial year (April to March) for any permissible current or capital account transaction or a combination of both. The remittances can be made in…

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