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Govt Defers Implementation Of New TCS Rules To October 1
The government on Wednesday dropped plans to levy TCS on overseas payments made through international credit cards and said such expenses will be included in the Liberalised Remittance Scheme (LRS) of the RBI, according to a PTI report.  The Finance Ministry ...

Indians can Now Make Remittances to IFSCs Under LRS
The Reserve Bank allowed resident individuals to make remittances to International Financial Services Centres (IFSCs) in the country under the Liberalised Remittance Scheme (LRS). The RBI decision is targeted at enhancing the financial markets of the IFSCs and providing resident individuals ...
PAN Now Mandatory to Send Money Abroad
In order to closely monitor money remitted under the liberalised remittance scheme (LRS), the Reserve Bank of India (RBI) has made PAN mandatory for the all users, as per its statement. This means that you will not be able to send ...
RBI eases norms to buy immovable property abroad
Reserve Bank said individuals can also use funds under Liberalised Remittances Scheme (LRS) to buy immovable property abroad. Encouraged by an improvement in the forex market, the Reserve Bank on June 3 had raised annual overseas investment ceiling for individuals ...
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