LRS Archives | Fusion - WeRIndia

Tag Archives: LRS

Increased tax rate on LRS

July 6, 2023   No comments
Increased tax rate on LRS will be effective from October 1

The Liberalized Remittance Scheme (LRS) facilitates easier fund transfers outside India for resident individuals.

RBI raises TCS Rates on

May 20, 2023   No comments
RBI raises TCS Rates on international credit card spending

The LRS scheme allows Indian residents to remit up to $250,000 per year without prior RBI approval.