FLA return obligation: entities with outstanding FDI or ODI must file annual position even with no fresh investments. Under the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, entities that did not receive fresh FDI or make fresh ODI in the latest financial year must still submit the FLA return disclosing their outstanding FDI/ODI position as at March 31 if such outstanding positions exist; absence of both fresh transactions and any outstanding position means no reporting requirement for that year.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
FLA return obligation: entities with outstanding FDI or ODI must file annual position even with no fresh investments.
Under the Annual Return on Foreign Liabilities and Assets (FLA) under FEMA, entities that did not receive fresh FDI or make fresh ODI in the latest financial year must still submit the FLA return disclosing their outstanding FDI/ODI position as at March 31 if such outstanding positions exist; absence of both fresh transactions and any outstanding position means no reporting requirement for that year.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
AI OCR ✕
of 
TaxTMI 
TaxTMI 
