FLA Return Online Filing to RBI

What is FLA Return Filing Online to RBI in India?  

The FLA Return (Foreign Liabilities and Assets Return) is an annual filing that must be submitted by all Indian companies and LLPs having foreign investments or overseas assets. It is a mandatory compliance under FEMA (Foreign Exchange Management Act) and must be filed online to the Reserve Bank of India (RBI) by 15th July every year.

The purpose of this return is to provide details of foreign assets, liabilities, and investments made or received during the financial year. Failure to file the FLA Return within the due date may lead to FEMA penalties.

Applicability of FLA Return   

The FLA Return i.e. an annual return on Foreign Liabilities and Assets (FLA) is required to be filed directly by all the Indian Private Limited Companies and Limited Liability Partnerships who have:

• Received foreign direct investment
• Made foreign direct investment

Companies exempted from filing FLA Returns 

• Companies that have only issued shares on a non-repatriable basis to the NRIs do not require to submit FLA Return
• Companies with no outstanding balance of FDI or ODI by the end of the financial year are also exempted from filing FLA return.
• Companies that have only received share application money and have not received any Foreign Direct Investment or not made any Overseas Direct Investment are exempt from filing FLA returns.

Provisions regarding the due date for Filing FLA Return to RBI 

• Annual return on Foreign Liabilities and Assets has been notified under FEMA 1999 and it is required to be submitted by all the India resident companies which have received FDI and/ or made overseas investment in any of the previous year(s), including current year by July 15 every year.
• Non-filing of the return before due date will be treated as a violation of FEMA and penalty clause may be invoked for violation of FEMA.
• However, if the company’s accounts are not audited before the due date of submission, i.e. July 15, then the FLA Return should be submitted based on un-audited (provisional) account.
• Once the accounts gets audited and there are revisions from the provisional information submitted by the company, they are supposed to submit the revised FLA return based on audited accounts by the end of September.

Why Choose Tax Intelligence for FLA Return Filing Online?

Tax Intelligence provides end-to-end assistance for FLA Return Filing in India. From data preparation to submission on the RBI portal, we ensure your filing process is complete, compliant, and error-free. In India, we provide services like Indian subsidiary, Startup advisory, Secretarial compliance services, Filing of Form FC-GPR and FC-TRS, Trademark registration, and many more.

How Tax Intelligence Helps in FLA Return Online Filing?

Compliance Check: We verify if your company is required to file an FLA Return.

• Data Validation: Our team reviews your financial data as per RBI guidelines.
• Form Preparation: We prepare the FLA Return form with accurate financial inputs.
• Portal Filing: Submission and verification are completed on RBI’s FLAIR portal.
• Post-Filing Support: You receive a digital acknowledgment and filing confirmation.
• Dedicated Expert: A single point of contact assists you throughout the process.