Lrs full form: Master Direction - Liberalised Remittance Scheme (

Master Direction - Liberalised Remittance Scheme ( LRS ) A. Liberalised Remittance Scheme ( LRS ) of USD 2,50,000 for resident individuals 1. Under the Liberalised Remittance Scheme, Authorised Dealers may freely allow remittances by resident individuals up to USD 2,50,000 per Financial Year (April-March) for any permitted current or capital account transaction or a combination of both. The Scheme is not available to corporates, partnership firms, HUF, Trusts, etc. 2. The LRS limit has been ... What is the LRS or Liberalized Remittance Scheme? The full form of LRS is the Liberalised Remittance Scheme. It is a rule set by the Reserve Bank of India (RBI) that allows residents of India to send money abroad. Under this scheme, individuals can remit up to USD 250,000 per financial year for certain purposes like education, medical treatment, travel, gifts, and donations. LRS is a scheme that allows Indian residents to transfer up to $250,000 per year for various purposes. Learn about the costs, purposes, documentation and tax implications of LRS. The LRS full form is Liberalised Remittance Scheme. The Liberalised Remittance Scheme by the RBI allows resident Indians to remit up to USD 250,000 annually abroad for education, travel, healthcare, gifts, and investments. Budget 2025 revised the LRS scheme with a higher TCS-free threshold of Rs. 10 lakh, making global financial transactions ...