Quarterly remittance reporting by authorised dealers requires detailed remitter, remittee, account, and compliance particulars. Form No. 147 requires an authorised dealer to furnish a quarterly statement of remittances for the relevant tax year, setting out the dealer's particulars ... Summary
Quarterly remittance reporting by authorised dealers requires detailed remitter, remittee, account, and compliance particulars.
Form No. 147 requires an authorised dealer to furnish a quarterly statement of remittances for the relevant tax year, setting out the dealer's particulars and detailed remittance information for each transaction. The statement must include remitter and remittee particulars, residence details, amount, date, account particulars, RBI purpose code, and the Form No. 145 acknowledgment number or the prescribed exemption code where Form No. 145 is not required. The form also contains a declaration of correctness, truth and completeness.
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