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    Question

    Under the Liberalised Remittance Scheme, all resident

    individuals, including minors, are allowed to freely remit up to USD ______ per financial year.
    A 1.5 Lakh Correct Answer Incorrect Answer
    B 2 Lakh Correct Answer Incorrect Answer
    C 2.5 Lakh Correct Answer Incorrect Answer
    D 3 Lakh Correct Answer Incorrect Answer
    E 4 Lakh Correct Answer Incorrect Answer

    Solution

    Under the Liberalised Remittance Scheme, all resident individuals, including minors, are allowed to freely remit up to USD 2,50,000 per financial year (April – March) for any permissible current or capital account transaction or a combination of both.

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