JSA
Liberalised Remittance Scheme (“LRS”) is a facility under which resident Indian individuals are permitted to freely remit upto USD 250,000 in each financial year (April to March) for a permissible current account transaction, capital account transaction or a combination of both.
Please click here to read the full article by Raj Ramachandran, published in ET Edge.
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Raj specializes in Corporate Commercial, Banking & Finance and Cross Border Investments & Acquisitions.