Which companies are required to submit the FLA Return?
The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. overseas investment) in the previous year(s) including the current year i.e. who holds foreign Assets or Liabilities in their Balance Sheets.
What is the due date of submission of the FLA return?
FLA return is mandatory under FEMA 1999 and companies are required to submit the same based on audited/ unaudited account by July 15 every year.
Where should we submit the FLA return?
FLA return should file through online portal of RBI (https://flair.rbi.org.in/fla/).
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