https://www.taxtmi.com/article/detailed?id=9396 Companies holding foreign assets or liabilities or with outstanding FDI/ODI must file the annual Foreign Liabilities and Assets (FLA) Return electronically in prescribed Excel format; provisional returns may be filed if audited accounts are not ready, with revised returns after audit. Exemptions cover entities with no outstanding inward/outward FDI, only share application money, transfers by non-resident shareholders leaving no outstanding investments, and non-repatriable share issues. Partnership firms and similar entities must use an RBI dummy CIN to file. Non-filing attracts penalties, daily fines for continuing contraventions, and possible confiscation. en-us Tue, 04 Aug 2020 09:23:28 +0530 Tue, 04 Aug 2020 09:23:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9396 Companies holding foreign assets or liabilities or with outstanding FDI/ODI must file the annual Foreign Liabilities and Assets (FLA) Return electronically in prescribed Excel format; provisional returns may be filed if audited accounts are not ready, with revised returns after audit. Exemptions cover entities with no outstanding inward/outward FDI, only share application money, transfers by non-resident shareholders leaving no outstanding investments, and non-repatriable share issues. Partnership firms and similar entities must use an RBI dummy CIN to file. Non-filing attracts penalties, daily fines for continuing contraventions, and possible confiscation. Articles FEMA - Foreign Exchange Management Tue, 04 Aug 2020 09:23:28 +0530 https://www.taxtmi.com/article/detailed?id=9396