ASC Group

FLA Return - Applicability of Foreign Liabilities and Assets Annual Return

International transactions are gaining momentum and more companies are getting involved in foreign investments. Therefore, RBI has set a system by which the onus has been placed on organizations undertaking such exchanges to report their Foreign Liabilities and Assets. Foreign Liabilities and Assets (FLA) is a yearly return that will be recorded by each organization that has either gotten unfamiliar direct speculations or has made any abroad ventures.