remittance

Migrants are sending money home to family and friends at unprecedented rates despite the high costs and challenges of traditional remittances. Cryptocurrency proponents have long cited their technology as the answer for money transfers in…

The story so far: On June 28, the Finance Ministry in two announcements deferred the imposition of an increased 20% rate for Tax Collected at Source (TCS) by three months to October 1, and said transactions made using international credit…

Several non-resident Indians (NRIs) moving money out of the country are having a run-in with the banks. The use of limited liability partnership (LLP) vehicles by NRIs to repatriate funds overseas has come under the scrutiny of large…

Remittance inflows from the Gulf region declined in FY21 compared to FY17, whereas remittance inflows from countries such as the U.S., the U.K., and Singapore, with a higher share of Indian-origin white-collared workers, increased…

Amid yawning current account deficit (CAD) -- the difference between inflow and outflow of foreign currency, Pakistan received lower remittances in May. This will lead to fresh concerns for Pakistan Prime Minister Shehbaz Sharif and his…

Indian arms of companies from France, Netherlands would now not be eligible for low tax rate of 5% while remitting dividends to their overseas parents. India’s apex direct taxes body Thursday said taxpayers from these countries cannot apply…