https://www.taxtmi.com/news?id=72156 Form No. 148 requires every IFSC unit making remittance to a non-resident other than a company or to a foreign company to file a quarterly statement through the e-Filing portal, whether the remittance is taxable or not. The form consolidates remittance reporting, prescribes quarterly due dates, and sets out unit details and remittance particulars to be furnished and verified online. Non-compliance within the due date may attract a penalty of up to Rs. 1 lakh, while remittances not chargeable to tax continue to be reported in Form No. 148 instead of Part D of Form No. 145. en-us Fri, 03 Apr 2026 11:23:37 +0530 Fri, 03 Apr 2026 11:23:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=72156 Form No. 148 requires every IFSC unit making remittance to a non-resident other than a company or to a foreign company to file a quarterly statement through the e-Filing portal, whether the remittance is taxable or not. The form consolidates remittance reporting, prescribes quarterly due dates, and sets out unit details and remittance particulars to be furnished and verified online. Non-compliance within the due date may attract a penalty of up to Rs. 1 lakh, while remittances not chargeable to tax continue to be reported in Form No. 148 instead of Part D of Form No. 145. News - Fri, 03 Apr 2026 11:23:37 +0530 https://www.taxtmi.com/news?id=72156