foreign remittances

Foreign Remittance Increased By 900%: Relatives Abroad Can Now Send Upto Rs 10 Lakh To India The Union Home Ministry has revised certain rules related to the Foreign Contribution (Regulation) Act (FCRA). Limit of amount received from…

Sending Money Abroad? 7% Tax To Be Collected At Source, 10% if PAN Not Present Now people making foreign remittances need to pay more attention to their tax collected at source (TCS) liability. Reportedly from October 1, any amount…

Globally, migrant workforce sent $404 billion to their home countries in the year 2013 and out of that, Indian have beaten them all. Migrant Indian workforce sent remittances worth $70 billion (Rs 4 lakh 20 thousand crore) back home,…

In a historic development, India Post has announced its partnership with UAE’s national postal service: Emirates Post Group to create a platform for International Money Transfer Service for Indians living abroad. The agreement has been…