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of <h1>Foreign entities in India must submit an Annual Activity Certificate by September 30 to confirm compliance with RBI regulations.</h1> The Annual Activity Certificate is a document certifying that a branch, liaison, or project office of a foreign entity in India has conducted only the activities permitted by the Reserve Bank of India or an authorized bank during a specified period. It confirms compliance with the terms set by the approval letter and ensures no unauthorized inter-project fund transfers occurred. Foreign entities must submit this certificate, along with audited financial statements, to the designated bank and the Director General of Income Tax by September 30 annually. The certificate must be issued by a Chartered Accountant, detailing project status and compliance.
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