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Business News/Topic/ Remittances

REMITTANCES

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Protests in Los Angeles broke out on 6 June triggered by immigration raids and arrests. Any long-term changes in US policies on migrants will have implications for Indians who have move there to study or for work, including green card holders. (AFP)

Trump’s crackdown on migrants: Will the American dream turn sour for Indians?

3 min read . 11 Jun 2025

Immigrants wire home billions of dollars each year.

barrons

Taxing the money immigrants send home would hurt economies here and abroad

3 min read . 03 Jun 2025

India leads the global league tables in remittances, being the top recipient.

High-value, white-collar inflows have led a shift in India’s inward remittances

4 min read . 04 May 2025

We need to earn enough foreign exchange consistently for the next decade to pay for crucial imports.

Ajit Ranade: India needs more sectors to be reliable dollar earners

4 min read . 23 Dec 2024

Cross-border transfers must get cheaper in a world of cryptocurrencies which know no borders.

Mint Quick Edit | Celebrate remittances but cheapen them too

1 min read . 20 Dec 2024

CBDT initiates investigation into foreign remittances above ₹6 lakh: Report

CBDT to initiate investigation into foreign remittances above ₹6 lakh: Report

1 min read . 13 Aug 2024

For education and medical expenses, there will be no TCS for an amount up to Rs 7 lakh in one financial year

What is tax collection at source on foreign remittances under LRS? An explainer

2 min read . 27 Jul 2023

Earlier taxpayers were supposed to cough up only 5 percent of TCS on foreign remission.

Foreign remittances: With 20% tax collection at source, sending money abroad to pinch more; details here

3 min read . 07 Feb 2023

There is a limit of $2,50,000 set by RBI for sending money abroad in one year under the Liberalised Remittance Scheme (LRS)

Sending money abroad? key things to keep in mind

1 min read . 06 Sep 2022