Liberalised Remittance Scheme and TCS

The Indian currency is only partially convertible. As far as resident Individuals are concerned, they can remit up to the amount given in the Liberalised Remittance Scheme (hereinafter referred as “LRS”).The Indian currency is only partially convertible. As far as resident Individuals are concerned, they can remit up to the amount given in the Liberalised Remittance Scheme (hereinafter referred as “LRS”).taxmann.com Latest ArticlesRead More

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