Liberalised Remittances Scheme (LRS)
What’s the News? Twenty per cent tax on Liberalised Remittances Scheme (LRS) of the Reserve Bank of India is set to kick off soon. What is the Liberalised Remittances Scheme (LRS)? The Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) allows resident individuals to remit a certain amount of money during a …