If the overseas subsidiaries/ joint venture company’s accounting period is different from the reference/reporting period (i.e., April-March) in the Return, then what information should we furnished in Section IV?

End-March reporting requirement: overseas subsidiaries with different accounting years must supply internally assessed end-March figures in returns.

Reporting under FLAIR requires disclosure of outstanding external liabilities and assets as at end-March for previous and latest year; if an overseas subsidiary or joint venture has a different accounting period, the Indian reporting company must provide the end-March information on an internal assessment basis for Section IV of the return.