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Question ID : 44547

082701

Whether Exemption Limit of Rs 7 Lacs still exists for remittance other than medical or education even after 30-9-23

Posted by Mahesh Kumar on Sep 20, 2023

Filed Under DIRECT TAXES

Answer ID : 85164

Can avail 7 lakhs for other purposes under LRS except for purchase of overseas tour program package for which no exemption but to pay 5% till 7 lakhs and 20 % thereafter.

Posted by B.CHACKRAPANI WARRIER on Sep 20, 2023
Answer ID : 85165

Yes available even from 01-10-2023

Posted by VINAY BHARGAV KUMAR G on Sep 22, 2023