An Individual cannot remit more than USD 2,50,000 in one financial year under LRS scheme however, a resident individual investor who is not permanently resident in India after having remitted their entire earnings and salary, wish to further remit other income over and above the limit of USD 2,50,000, may approach RBI with documents through their AD bank for approval.
Share this
Loved this? Spread the word
Related posts
September 6, 2020
TERMS AND CONDITIONS FOR INVESTMENT ADVISORY SERVICES For the purpose of this document (“Agreement”) “Investment Advisor” or “We/we” refers to AltShiftCap ...
August 24, 2020
As per Finance Act, 2020, TCS @ 5% is applicable only if and when ...
August 24, 2020
There is no applicable estate duty in India on vesting of properties with the ...
August 24, 2020
Yes, any cost incurred on account of sale or transfer of asset is allowable ...