What is the due date for filing FLA return in India?
The due date for filing the FLA (Foreign Liabilities and Assets) return in India is July 15th every year. This return must be submitted by all Indian companies, LLPs, and others who have received foreign direct investment (FDI) or have foreign liabilities/assets. The FLA return is required by the Reserve Bank of India (RBI) under the Foreign Exchange Management Act (FEMA) and provides a comprehensive report on the foreign investments and liabilities of the business. Filing the return on time is crucial to avoid penalties or legal complications. Late or non-filing of the FLA return may attract fines and penalties. Also Read - https://www.companiesnext.com/blog/all-about-fla-return-of-RBI