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How to Transfer Inheritance to US From India

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Have you lately inherited property in India and are looking for ways to transfer the inherited money to the USA? If it includes two different countries, taxation can be a complicated issue. Hence, it is necessary to know the tax laws of both countries to transfer the inherited money to the U.S. from India.  Tax…

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Liberalized Remittance Scheme (LRS)

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Before 2004, remitting funds to overseas countries for emergencies was a challenging and time-consuming process. Prior approval from the Reserve Bank of India was mandatory for executing remittance transactions those days. After realizing the importance of remittances across countries, RBI introduced Liberalized Remittance Scheme on February 4, 2004.  Through this article, you can understand more…

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How Much Money Can You Carry From India for a Trip Abroad?

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Are there any things to Know When Carrying Money From India Abroad? Of course, there are some things to Know When Carrying Money From India Abroad. More than 20 million people have travelled from India to abroad this year. A good portion of this number constitutes business travellers. And suppose you are a person who…

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What Should Be Done When Your Forex Card Is Lost Abroad?

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Traveling overseas with a Forex Card has many benefits, such as convenience and cost-effectiveness. A Forex Card allows you to store foreign currency in a card and utilize it at ATMs and swiping machines outside. Also, the exchange rates you get for foreign currency in a forex card are near to live exchange rates and…

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