Indian Polity · Polity

Consider the operational nuances of the Liberalised Remittance Scheme (LRS): Statement 1: The LRS facility is strictly restricted to natural persons who are residents of India; corporate bodies, partnership firms, and Hindu Undivided Families (HUF) are ineligible. Statement 2: For medical treatment documentation, the Authorized Dealer bank can facilitate remittances up to $250,000 based on self-declaration, but any amount exceeding this limit requires a written estimate from a hospital or doctor. Statement 3: Income earned from offshore investments made through an LRS account must be repatriated back to India within 180 days unless reinvested per Overseas Investment Rules. Statement 4: Regulatory rules clarify that TCS is not applicable to foreign exchange transactions conducted via international credit cards while the individual is physically outside India. Which statement accurately describes the documentation requirement for high-value medical remittances under LRS?