Tax Collection at Source (TCS) has been a point of discussion, especially when it comes to foreign nationals or non-resident individuals purchasing tour packages in India. This article delves into ...

Outflows under the scheme were impacted by deposits, maintenance of close relatives, and the international travel segment, among others ...

If you are planning a foreign holiday, then you may have to take note of the liberalised remittance scheme cap for ...

Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS. Advisory Alert: It has come to our attention that certain individuals are ...

Employee Stock Option Plan (“ESOP”) is a tool often used as an incentive by companies or as benefits provided to its ...

FM proposes to hike the TCS limit to Rs 10 lakh from Rs 7 lakh currently. The TCS is applicable to the outward foreign remittance made by students for education purposes, travel purposes, or ...

Finance Minister Nirmala Sitharaman on Saturday proposed to increase the threshold of tax collected at source (TCS) on remittances under the RBI's Liberalized Remittance Scheme to Rs 10 lakh from ...

These revisions aim to reduce the financial burden on families by lowering tax implications on foreign remittances under the Liberalised Remittance Scheme (LRS). Under this scheme, authorized ...

Credit card payments for foreign travel will be brought under the purview of the Liberalised Remittance Scheme (LRS) of the Reserve Bank, to ensure that such expenses do not escape TCS (Tax ...

Under the liberalised remittance scheme, or LRS, resident individuals are permitted to send up to $250,000 in a year to directly purchase properties abroad, however, buying the stocks of foreign ...

According to the report, during the April-December period of 2022-23, the outward remittances under the Liberalised Remittance Scheme (LRS) for resident individuals towards 'travel' was $9.95 billion ...

Indian investors can easily invest in Nvidia, Tesla, and other US stocks through the Liberalised Remittance Scheme. The RBI, in a notification, said it has reviewed the extant guidelines on LRS ...