Quarterly remittance disclosure by IFSC units requires detailed reporting, verification of correctness, and tax deduction undertakings. Quarterly statement is required to be furnished by a unit of an International Financial Services Centre in respect of remittances for the specified tax quarter. The form captures the unit's details, remitter and remittee particulars, and remittance data such as date, amount, nature, purpose code, currency and rupee equivalent. The verification requires a declaration of correctness and completeness, or truth and non-concealment where the unit is the remitter, together with an undertaking to pay tax not deducted or not paid, interest and penalty consequences, and to submit supporting documents for determining the recipient's income and the remitter's liability.