Q1. What is the Liberalised Remittance Scheme (LRS) of USD 2,50,000?
A1. Under the LRS, all RESIDENT INDIVIDUALS, including minors, are allowed to freely remit...
Budget 2020 introduced new tax rates option. On satisfaction of certain conditions, an individual or HUF shall, from assessment year 2021-22 onward, have the...
Particulars
Non-Resident External Rupee Account (NRE Account
Non-Resident Ordinary Rupee Account (NRO Account)
Who can open an account
NRIs and PIOs
Individual/entities...
