What is FLA Return? The Foreign Liabilities and Asset (FLA) Return is an annual return filed with the Reserve Bank of India (RBI), based on the applicability of certain provisions under the Foreign Exchange Management Act, 1999 (FEMA). Applicability of the Annual FLA Return The annual FLA Return must be submitted by entities that have received Foreign Direct Investment (FDI) and/or made overseas investments (FDI abroad)…
