Tag: Transfer money overseas
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FEMA Guidelines for Foreign Remittances: 7 Key Differences Between Gift and Education Remittances
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Indians today send money abroad for many reasons, paying a child’s tuition, supporting relatives, or offering gifts. Each of these transfers, however ordinary, is bound by the FEMA guidelines for foreign remittances, which define limits, procedures, and reporting rules. Two common purposes for sending money abroad are gifts and education. Both are allowed under the…
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Understanding TCS on Gift Remittances in India 2025: Rules, Thresholds, and Refund Process
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Sending money abroad as a gift is one of the most heartfelt ways to support family members or celebrate special occasions. With new regulations now in place, it is important to understand how TCS on gift remittances works under the RBI’s Liberalized Remittance Scheme (LRS). From 1 April 2025, gift remittances fall under Section 206C(1G)…
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NOSTRO Account Explained: 7 Powerful Insights for Smarter Global Payments in 2025
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Let’s say you’re wiring money overseas, maybe paying a university fee in the UK or settling a shipment from Japan. It sounds simple, but behind that smooth transaction lies a system banks rely on every day: the NOSTRO Account. Most people haven’t heard of it, yet it quietly powers trillions in international payments. And if…
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Most Demanded Jobs in the USA (2025): A Detailed Overview
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The U.S. job market is revolutionizing at a rapid pace, and some of its industries have become the best-paying and secure. If career growth, great compensation, and job security are your concerns, it is of great necessity to make a suitable industry choice. If you are a new graduate, a job candidate, or an international…