LRS

Indian investors are looking beyond domestic markets, with overseas equities and crypto both seeing strong participation. The data reveals that investors are using both as part of a broader diversification strategy.

A ₹25 lakh gift to an NRI daughter is tax-free in her hands, but the remittance may attract TCS under LRS. Here's how the rules differ for overseas and NRO transfers.

An Indian investor disclosed foreign shares but not the associated dividend income, assuming it was taxed in the US. The ₹20 lakh threshold for penalty under the Black Money Act pertains to foreign assets, not income. What can be done to mitigate penalties?

Indian investors are shifting focus to global options for diversification and protection against a depreciating rupee. The recent 'Mint Horizons' masterclass in Ahmedabad highlighted the role of GIFT City as a gateway for outbound capital and discussed strategies for building global portfolios.

Owing to RBI restrictions, the asset management company is unable to create new units of its Nasdaq 100 and Q50 ETFs and supply them to investors through market makers. With demand outstripping supply, the trading prices of these ETFs are much higher than their intraday NAVs.

If you reload your forex card for more than Rs 7 lakh starting Oct 1, it will attract a TCS of 20 percent. The higher tax rate, however, won’t apply to payments made via credit cards

Indian residents are allowed to transfer up to $250,000 per year for purposes such as investment in foreign stocks or funds, education, maintenance of relatives and tourism.

Indian residents are allowed to invest up to $250,000 per financial year abroad in instruments such as stocks and bonds as per the Reserve Bank of India’s (RBI) liberalized remittance scheme (LRS).