As India’s consumption-driven economy continues to thrive, the young population fuels the demand for these international…
Tag: LRS
Does LRS limit apply to NRO account?
I am a businessman and run a clothing company in India. My daughter has gone to…
21% of Singapore NRIs are influenced by global trends in investments, survey reveals
The flourishing Indian economy, thriving startup ecosystem, and supportive government initiatives collectively provide the opportunity for…
Tax collection at source: Who issues a TCS certificate and when?
Tax collection at source, or TCS, is an additional amount collected as tax by a seller…
Can I remit more than $250,000 abroad?
I need to send some money abroad (in excess of $250,000) as a monetary help to…
Explained | The changes to the Liberalised Remittance Scheme
Image for representation only The story so far: On June 28, the Finance Ministry in two…
How to get 5% TCS for remittances beyond ₹7 lakh
The ministry of finance on 28 June deferred the applicability of increased TCS, or tax collected…
How to send money to your adult children living abroad
I have a son (17) and daughter (21). Mu daughter plans to go abroad for two…