🔊 Play The Liberalized Remittance Scheme (LRS) is part of the Foreign Exchange Management Act (FEMA) 1999, laying down the guidelines for outward remittance from India. Under LR… Read More

New 20% TCS Rule The landscape of tax collection in India is about to undergo significant changes with the introduction of new Tax Collection at Source (TCS) rates, set to take effect fr… Read More

Bengaluru, September 4, 2023: Cashfree Payments, a leading payments and API banking solutions company, has partnered with Jamboree, a leading educational consultancy, to simplify fee payment… Read More

Generally Non-Resident Indians (NRI) or Persons of Indian Origin (POI) have funds and other properties in India even when they are residing outside India. Revenue is also generated from inve… Read More

Buy Now One of the major trends is the increasing competition in the Remittance Market, with many new players entering the market and existing players expanding their services. This is drivi… Read More

Bajaj Markets, a subsidiary of Bajaj Finserv, in partnership with the IndusInd Bank, now offers access to the IndusInd Bank Outward Remittances service. The Liberalised Remittance Scheme (LR… Read More

GST Return Filing for E-commerce Sellers Numerous countries impose the products and Services Tax (GST), a consumption-based tax, on provision of products and services. By replacing diffe… Read More

NewsVoirPune (Maharashtra) [India], May 29:This scheme allows individuals to make international money transfers in 16 currencies - Euro (EUR), Great Britain Pound (GBP), United States Dollar… Read More

In India, remittances are allowed to be sent to foreign countries. Such remittances are called outward remittances. Similarly, remittances are also allowed to be received by a company or ent… Read More

Introduction: In any country, one of the primary aims of the government is to encourage exports and provide benefits to businesses involved in exports. Under the GST regime, one such benefit… Read More

*So be alert & careful in misuse of PAN Number*  The Income Tax Department has announced the roll-out of a new statement namely Annual I… Read More

Tranglo, a cross-border cost hub, has partnered with Al Ansari Alternate, the most important outward private remittance and overseas trade firm within the United Arab Emirates (UAE). The col… Read More

Indians remitted about $27.14 billion in the financial year ended March 2023 under the Reserve Bank of India’s (RBI’s) liberalised remittance scheme (LRS), latest data released b… Read More

Indians spent 12.51 billion dollars on foreign travel… Read More

Remittance is derived from the word remit which means to send back. What is Remittance? Remittance is the transfer of money from one country to another, usually overseas once you receive a b… Read More

New Delhi, April 7 (IANS) Consumer Online Foundation has written to Finance Minister Nirmala Sitharaman to investigate the business activities of a company, named Rario and its compliance wi… Read More

Digital Remittance Market Latest Study on Industrial Growth of Global Digital Remittance Market 2022-2028. A detailed study accumulated to offer Latest insights about acute features of… Read More

Gurugram-based Prasad has been planning to invest ₹10 lakh in US tech stocks but now he is unsure. “I don’t pay advance tax so I can’t adjust TCS against it… Read More

Indians are spending nearly USD 1 billion every month on foreign travel which is significantly more than the pre-Covid levels, reveals Reserve Bank data on outward remittances. During the Ap… Read More

Budget 2023 HighlightsPART A: GENERAL The following items to get cheaper due to the reduction of Customs Duty: Tires, Televisions, Electric vehicles, Mobile phones The following items… Read More

For the prosperous economy of a country, all types of transactions play a vital role. These days high seas sales and Merchant Trading Transactions have become quite common wherein goods move… Read More

The concept of LLP, introduced in India through the Limited Liability Partnership Act, of 2008, has become a popular form of business entity in India owing to its simplified procedures for r… Read More

Retaining its spot as the world's top recipient of remittances, migrant workers from India are set to send home a record USD 100 billion in 2022, despite global headwinds like rising prices… Read More

Transfer of shares between two residents (of India) involves payment of consideration and execution of share transfer deed. Share transfer deed to be duly stamped @ 0.25% of the consideratio… Read More

The write-up highlights Know Your Transaction (KYT), what is KYT, why KYT is important, and that only KYC isn’t enough today to fight money laundering, terrorism, and other financial c… Read More

As per Reserve Bank of India (RBI) data, the money sent under liberalized remittance scheme (LRS) in financial year (FY) 2020-21 stood at $12.7 billion, from a mere $1.3 billion in FY2015. A… Read More

Al Ansari Exchange - About Almost 60 years ago, the Al Ansari family started a flourishing trading business that spawned Al Ansari Exchange, the biggest exchange company in the UAE. Whe… Read More