Question
Under the Liberalised Remittance Scheme, all resident
individuals, including minors, are allowed to freely remit up to USD ______ per financial year.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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