liberalised remittance scheme

Spending in foreign exchange through international credit cards will be covered under the Reserve Bank of India's liberalised remittance scheme (LRS), under which a resident can remit money abroad up to a maximum of USD 2.50 lakh per…

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<!-- -->Tax Collected at Source is an income tax, collected by the seller of goods, from the buyer. (File)New Delhi: Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS)…

Founders and senior executives of new-age stock investing platforms such as IndMoney, Vested Finance, and Stockal met officials in the finance ministry on Monday to discuss the possible implications of a proposed 20% levy on foreign…

The Reserve Bank of India (RBI) recently ordered State Bank of Mauritius (SBM)’s Indian subsidiary SBM Bank (India) Ltd to stop processing any international remittances under the liberalised remittance scheme (LRS) after discovering…