If an entity has only share application money, then is that entity supposed to submit the FLA return?

If an entity has only share application money, then is that entity supposed to submit the FLA return? https://www.taxtmi.com/manuals?id=6003 Under the Annual Return on Foreign Liabilities and Assets (FLA) regime of FEMA, an entity whose only overseas-related receipt is share application money and which does not have any foreign direct investment or overseas direct investment outstanding as on the end of the relevant financial year is not obliged to submit the FLA return. en-us Thu, 28 Nov 2024 14:22:00 +0530 Thu, 28 Nov 2024 14:22:00 +0530 TaxTMI RSS Generator If an entity has only share application money, then is that entity supposed to submit the FLA return? https://www.taxtmi.com/manuals?id=6003 Under the Annual Return on Foreign Liabilities and Assets (FLA) regime of FEMA, an entity whose only overseas-related receipt is share application money and which does not have any foreign direct investment or overseas direct investment outstanding as on the end of the relevant financial year is not obliged to submit the FLA return. Manuals FEMA Thu, 28 Nov 2024 14:22:00 +0530 https://www.taxtmi.com/manuals?id=6003