A company is required to disclose break-up of all payments and receipts during the year, in foreign currency, as per Schedule FD of ITR-6 (if it is not required to get the accounts audited u/s 44AB). Please clarify whether only the receipts/payments related to Business Operations in India.
FAQs in respect of filling-up of the Income-tax return forms for Assessment Year 2022-23
Contents
Summary
Note
Bookmark
Share
✓ Copied successfully !
Print
Print Options
For full text, please login
Login to TaxTMI
Verification Pending
The Email Id has not been verified. Click on the link we have sent on
Break-up of foreign currency receipts/payments must be reported only for domestic business operations under Schedule FD. A company must report the break-up of foreign currency payments and receipts in Schedule FD only for transactions relating to business operations in ... Summary
Break-up of foreign currency receipts/payments must be reported only for domestic business operations under Schedule FD.
A company must report the break-up of foreign currency payments and receipts in Schedule FD only for transactions relating to business operations in India; only receipts and payments connected to domestic business activities are required to be disclosed under that Schedule.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
Join Channel
TaxTMI 
