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.

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. https://www.taxtmi.com/manuals?id=4355 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. en-us Thu, 28 Dec 2023 14:06:00 +0530 Thu, 28 Dec 2023 14:06:00 +0530 TaxTMI RSS Generator 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. https://www.taxtmi.com/manuals?id=4355 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. Manuals Income Tax Thu, 28 Dec 2023 14:06:00 +0530 https://www.taxtmi.com/manuals?id=4355