Home |Tax returns filing | 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. Clarify, whether only the receipts/payments related to business operations in India are required to be reported in Schedule FD?

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. Clarify, whether only the receipts/payments related to business operations in India are required to be reported in Schedule FD?

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Kavya Kavya
Answered on February 10,2020

Yes. In Schedule FD, the break-up of receipts and payments in foreign currency is required to be reported only in respect of business operations in India.

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