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    HomeNewsBusinessPersonal FinanceSending over Rs 50,000 abroad? Banks could ask many questions, seek additional documents

    Sending over Rs 50,000 abroad? Banks could ask many questions, seek additional documents

    Any alarm over tight scrutiny is unwarranted, as financial institutions carry out elaborate checks even now. However, the threshold of Rs 50,000 that the finance ministry has specified is quite low, say legal and tax experts.

    Preeti Kulkarni
    October 26, 2023 / 09:00 IST
    International transactions worth over Rs 50,000 could now invite additional scrutiny
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