Tuesday 22 January 2019

DO I NEED TO FILE ODI FORM EVEN FOREIGN REMITTANCE MADE UNDER LRS ?

YES ,  NOW  AMOUNT SENT UNDER LIBERLISED REMITTANCE SCHEME SHOULD ALSO COVERED UNDER ODI FORM FILING PROCEDURE . IT IS MANDATORY TO FILE ODI  WITHIN 30 DAYS  FROM DATE OF REMITTANCE . THIS WILL SAVE FROM PENALTY AND WILL BE HELPFUL FOR SECOND TRANCHE  OF REMITTANCE AS UNIQUE IDENTIFICATION NUMBER WILL BE ALLOTED AGAINST FILING THIS FORM . 

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