REGARDING FORIEGN REMITTANCE EFFECT


This query is : Resolved 

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This discussion clarifies how to report foreign remittances in your Income Tax Return (ITR) and financial statements. For those filing ITR 3, foreign remittances are reflected in the Balance Sheet. However, other ITR forms do not offer a specific option for this disclosure.

01 January 2025 WHERE FORIEGN REMITTANCE NEED TO BE SHOWN IN ITR? AND FINANCIAL STATEMENTS?

01 January 2025 Yes.

01 January 2025 I MADE FORIEGN REMITTANCE, WHERE TO SHOWN IN FINANCIAL STATEMENT?

01 January 2025 It will reflect in Balance sheet if ITR 3 is filed. For other ITRs there is no option.


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