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Appendix I(B) / ECO Bank Branch Dated: / / 2013The Branch Manager Branch Subject: MANDATE under ECO Monthly Income Scheme Dear Sir, This is to inform you that I/We have deposited Rs. under ECO Monthly
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Annexure IB is a form used for reporting details of remittances received by an Indian resident or non-resident for services rendered in India.
Any person or entity receiving remittances for services rendered in India is required to file annexure IB.
Annexure IB can be filled out online on the website of the Income Tax department or submitted physically to the appropriate authority.
The purpose of annexure IB is to track and monitor foreign remittances for services rendered in India.
The information to be reported on annexure IB includes details of the remitter, the amount remitted, the purpose of remittance, and the date of remittance.
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