What are the prohibited items under the Liberalised Remmitance Scheme?
1 Replies
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 22 March 2021
Any person can remit foreign funds upto USD 250000 with the approval from RBI and under Liberalised Remittance Scheme any person can transfer foreign funds above USD 250000 in case of medical emergency and education purposes
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