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August 2014

A. P. (DIR Series) Circular No. 5 dated 17th July, 2014

By Gaurang Gandhi Chartered Accountant

Reading Time 1 mins

Notification No. FEMA 311/2014-RB dated 24th June, 2014

Liberalised Remittance Scheme (LRS) for resident individuals-Increase in the limit from USD 75,000 to USD 125,000

This circular now permits individuals resident in India to remit up to US $ 125,000 per financial year, under the Liberalised Remittance Scheme for acquisition of immovable property outside India.

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August 2014

A. P. (DIR Series) Circular No. 5 dated 17th July, 2014

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A. P. (DIR Series) Circular No. 4 dated July 15, 2014 Notification No. FEMA.306/2014-RB dated May 23, 2014

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August 2014

A. P. (DIR Series) Circular No. 5 dated 17th July, 2014

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A. P. (DIR Series) Circular No. 4 dated July 15, 2014 Notification No. FEMA.306/2014-RB dated May 23, 2014

A. P. (DIR Series) Circular No. 6 dated 18th July, 2014