The Scope of Liberalised Remittance Scheme (LRS)

Nikhil6808 Aug, 2025Business

In today’s global economy, seamless cross-border money transfers are vital for business, education, and investment. For Indian residents, the Liberalised Remittance Scheme (LRS)—introduced by the RBI under FEMA, 1999—simplifies overseas remittances that once required individual approvals. LRS allows resident individuals to remit funds abroad for various permitted purposes, within regulatory limits and under proper compliance. With evolving rules, including TCS provisions, understanding LRS is key to smooth foreign transactions. At SKMC Global helps businesses and individuals navigate LRS with expert guidance, documentation, and end-to-end compliance support.