Schedule FD – Break-up of Payments/Receipts in Foreign Currency AY 2026-27

Schedule FD – Break-up of Payments/Receipts in Foreign Currency AY 2026-27

‘Schedule FD’ is designed to capture the break-up of payments and receipts in foreign currency by companies (to be filled up by the assessee who is not liable to have their accounts audited under Section 44AB) during the relevant financial year.

This schedule is crucial for entities involved in foreign currency transactions. Under Schedule FD, the taxpayer must provide detailed information on foreign currency, including payments made during the year on capital account, payments made during the year on revenue account, receipts during the year on capital account, and receipts during the year on revenue account.

This schedule applies to ITR-6.