Question

Consider the following regarding the Liberalized Remittance Scheme (LR

  • S : 1. It is available to all resident individuals, including minors. 2. It is available to Corporates and Partnership firms. 3. Remittances can be used for both current and capital account transactions. Which of the statements above is/are correct? 
A 1 and 2 only
B 2 and 3 only
C 1 and 3 only
D 1, 2, and 3
E 1 only
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