Tax alert: IFSC unit to furnish quarterly statement of remittances, Form notified has been saved
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Tax alert: IFSC unit to furnish quarterly statement of remittances, Form notified
18 October 2023
The Central Board of Direct Taxes, vide Notification No. 89/2023 dated 16 October 2023, has notified Form No. 15CD, a quarterly statement to be furnished electronically by a qualifying unit of an International Financial Services Centre (IFSC), with respect to remittances to a non-resident (not being a company) or to a foreign company. It has also exempted such unit from furnishing Form No. 15CA (Part D) in respect of remittances which are not chargeable to tax in India.
