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    <title>In case where account closing period of the entity is different from reference period (end-March), can we report the information as per account closing period?</title>
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    <description>An entity must report the Annual Return on Foreign Liabilities and Assets for the prescribed reference period ending in March and cannot use a different account closing period; reporting should cover the previous March and the latest March reference dates, with the entity allocating items to each reference date based on its internal assessment.</description>
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      <description>An entity must report the Annual Return on Foreign Liabilities and Assets for the prescribed reference period ending in March and cannot use a different account closing period; reporting should cover the previous March and the latest March reference dates, with the entity allocating items to each reference date based on its internal assessment.</description>
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