Lrs

Cafemutual’s analysis shows that while Indians are investing abroad more than ever under LRS, their share of total remittances has dropped sharply as travel, education, and family support now dominate outward flows.

Overseas investments in stocks, real estate through LRS jumps over 50% to cross $2 billion in 2025

Latest Reserve Bank of India data shows that between January and September, LRS investments in real estate grew 80% to $350 million, while remittances into equity and debt instruments rose over 50% to $1.68 billion

Buying Dubai property on loan? Beware of FEMA violations

Many real estate firms have started to offer financing options for foreign properties, which is not permitted under FEMA rules, say experts

LRS remittances via GIFT clock 19% CAGR over 2 years, crossing a billion consistently for 3 years

Based on the pace of growth, the figure could approach USD 2.5 billion in medium term, says Mihir Shirgaonkar, Vice President, Alternative Investments at Phillip Ventures IFSC.

Want to invest in US equities? Here’s how you can use the Liberalised Remittance Scheme

Indian investors can easily invest in Nvidia, Tesla, and other US stocks through the Liberalised Remittance Scheme.

Budget 2024: Government may bring overseas credit card spend above Rs 7 lakh under 20% TCS

Currently, spends via debit cards, forex cards, or any other payment mode attract 20 percent TCS once they cross the Rs 7 lakh per person per financial year limit, but those via credit cards are exempt.

Have money. Will travel: Indians splurge $30 billion on foreign trips in last 2 years

Between FY18 and FY21, overseas travel spending ranged from $4 billion to $6 billion annually. It sharply increased in FY22 to $7 billion and $13.6 billion in FY23

Centre likely to include international credit cards under LRS once banking systems are ready, rollout to be much later than October 1: Report

Sources said to CNBC-TV18 that credit card networks, banks and authorised dealers are gearing up for this eventuality and once systems are in place to account for individual forex remittances via credit cards, an implementation date will be considered.

How 20% TCS on foreign remittances under LRS can impact overseas spend of Indians

The new changes could impact high networth individuals making investments overseas and those making payments for the purchase of overseas tour packages.

TCS rules on foreign tours, magazine subscriptions, iTunes, international equities… all doubts clarified

The government partially rolled back the 20% tax collected at source (TCS) rule for international spends on credit cards. Now, only those who spend more than Rs 7 lakh will come under the Liberalised Remittance Scheme and be subject to TCS.

How tax on foreign tour spends on credit cards will affect your holidays

International transactions via credit cards have been brought under the RBI’s Liberalized Remittance Scheme or LRS from May 16, 2023. From July 1, 2023, there will be 20 percent TCS on them with no minimum threshold.

Budget 2023 has made almost every payment abroad costlier

The only exemptions are in education and medical treatment where your expenses on foreign shores will be safeguarded

Why investors shouldn't get carried away by the recent market recovery

A close watch is warranted on the foreign flows, both portfolio and capital account. In the first nine months of the calendar year 2022, RBI has drained over $100 billion from the forex reserves.

Story in Charts | Where are Indians spending abroad?

Purchase of foreign equity and debt recorded the sharpest growth between 2019 and 2021; but over a longer period, studies abroad accounted for a major part

Indians are buying real estate abroad: How the LRS is allowing them to invest more overseas

Indians were the highest investors in foreign real estate, with a 50 percent market share, according to reports. Thanks mainly to the liberalised remittance scheme (LRS)

Sending funds abroad? Be aware of the 'tax collected at source' rules

This tax was proposed in the Union Budget 2020 and will be applicable from October 1

Important guidelines for buying a property outside India

The general consensus among many experts today, is that there is limited choice for new real estate investments in India‘s metropolitan regions, given the spiralling prices of real estate and the lack of confidence &#82

Why you should invest in MF schemes investing overseas?

Investors must understand the associated risks before investing into them. An allocation of 10% to the global funds may be preferred

New RBI steps dampener for international real estate

Om Ahuja of Jones Lang LaSalle (JLL) India says that the steps taken by the Reserve Bank of India (RBI) on Indians investing in properties abroad under liberalised remittance scheme (LRS) is a dampener for Indian investors.