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In the FLA Return, whether FDI should be reported based on the country of immediate investor or country of ultimate holding company? Where should we report the receivable/ payables with non-resident ultimate holding company?

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....timate holding company?<br>Annual Return on FLA - Registration guidelines - General Instructions and Definitions - As on July 21, 2021 - FEMA - FAQ<br>FEMA<br>Ans: Above situation is better explained ....

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....country of immediate investor. However, if there are any receivables/payables with the non-resident ultimate holding company, then same should also be reported at 'Other capital' component of 2.b DI u....

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