How To Transfer Funds From India To Abroad ? CA Sriram Explains Liberalised Remittance Scheme

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#NRImoneyclinic #LRS #LiberalisedRemittanceScheme

Link To A2 Form
https://rbidocs.rbi.org.in/rdocs/content/pdfs/03MD11022016_AN.pdf

Timestamps
01:30 Introduction LIBERALISED REMITTANCE SCHEME
06:38 Permitted Capital Account Transactions – Example 
08:32 Permitted Current Account Transactions – Examples 
09:23 How To Know Which Transactions Are Permitted ? 
13:01 Which Transactions Are Not Allowed ?
14:48 Can It Be Used To Give Loan To A NRI ?
19:52 Can LRS Be Used To Give Gifts ? 
21:01 Are Payments Out Of RFC Accounts Covered Under LRS ? 
22:27 HOW TO TRANSFER FUNDS ABROAD – STEP BY STEP PROCESS  
29:59 Is There Any Remittance Tax To Be Paid?

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