Centre Imposes 20% TCS On International Credit Card Spending
The Centre on Tuesday brought international credit card spending outside India under the Liberalised Remittance Scheme (LRS) and issued an explainer on Wednesday to clear any confusion.
May 19, 2023, 13:50 PM IST
Outbound remittances via LRS spurt 8 times since June 2015
"From a modest USD 140.7 million in June 2015, the outgo through the LRS has soared to USD 1.09 billion in September 2017 which is a growth of close to eight times," according to a report by InstaRem.
Nov 26, 2017, 19:38 PM IST
RBI eases norms to buy immovable property abroad
Reserve Bank today said individuals can also use funds under Liberalised Remittances Scheme (LRS) to buy immovable property abroad.
Jul 17, 2014, 21:27 PM IST
