#TaxmannPPT | Liberalised Remittance Scheme – Law | Procedures | Case Studies

Liberalised Foreign Remittances Scheme “LRS” Law & Procedures

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#TaxmannPPT | Liberalised Remittance Scheme – Law | Procedures | Case Studies

Published on Jul 6, 2023

✔️ Background • Liberalised Remittance Scheme (LRS) • Remittance Prohibited under LRS ✔️ Current & Capital Account Transactions • Definition • Permissible Transactions ✔️ Permissible Current Account Transactions • Private Visits • Gifts • Donations • Employment • Emigration • Maintenance of Close Relatives • Business Trip • Medical Treatment • Student Studying Abroad ✔️ Permissible Capital Account Transactions • Opening Foreign Currency Account with a Bank Abroad • Acquisition of Immovable Property Abroad • Family Member – Clubbing • Overseas Direct Investment under LRS • Extending Loan to Relative Abroad • Remittances to International Financial Service Centre (IFSC) ✔️ Procedure to Remittance ✔️ TCS on Foreign Remittances ✔️ Case Studies ✔️ Q&A Session

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#TaxmannPPT | Liberalised Remittance Scheme – Law | Procedures | Case Studies by Taxmann - Issuu