Tag: liberalised remittance scheme
Posted in Economy
New income-tax act takes effect today
New Delhi: The new Income-tax Act and budgetary provisions, including higher STT on speculative F&O trades, lower TCS on overseas tour packages and liberalised remittance…
Posted in Economy
RBI initiates talks to ease overseas investment norms
Mumbai: The Reserve Bank of India (RBI) is picking the minds of bankers to smarten the overseas investment (OI) regime. Senior regulatory officials held a…
Posted in Economy
Asking a friend to book overseas purchases risks FEMA violations
Mumbai: Bidding online for a painting hosted by a London auctioneer. Booking a limited edition watch hosted by a Singapore dealer on a members-only e-com…