What Is Liberalised Remittance Scheme For Individuals And Businesses?

If you are an Indian resident individual, you must be aware of the Liberalised Remittance Scheme. Indians residing abroad often require funds from their family and friends back in their home country. As the leading tax consultant in Gurgaon and chartered accountant firms in Gurgaon, we are here to help you understand what is liberalised remittance scheme, which transaction falls under liberalised remittance scheme, what liberalised remittance scheme is applicable for, and answer every question about liberalised remittance scheme India. Keep reading to learn more about which transaction falls under liberalised remittance scheme: