RBI Allowed Resident Indians to Open Foreign Currency Accounts in GIFT IFSC
Indian residents can now take advantage of the liberalised remittances scheme (LRS) to open foreign currency accounts (FCA) at Gift City under the liberalised remittances...
Tag : Liberalised Remittance Scheme (LRS)
International Credit Card Payments Up to Rs 7 Lakh Excluded from TCS, Govt Clarifies
International debit and credit card transactions of up to Rs 7 lakh per financial year will be excluded from the limits of the Liberalised Remittance...
Union Budget 2023: 20% TCS on Foreign Remittance Transactions
Finance Minister Nirmala Sitharaman has increased the tax at source (TCS) rate on foreign remittances under the Liberalised Remittance Scheme (LRS) from 5% to 20%....