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IndianTaxPert — Simplifying Business Registration & Compliance in India | Company Incorporation • LLP Formation •
IndianTaxpert helps Indian companies, LLPs, and eligible entities comply with FEMA regulations by filing Foreign Liabilities and Assets (FLA) Returns to the RBI. Timely submission ensures legal compliance and avoids penalties.
Register Your LLP Online in India – Expert Assistance
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An FLA Return is an annual disclosure of foreign assets and liabilities filed by Indian companies or entities that either receive foreign investment (FDI) or make overseas investments (ODI). It ensures RBI and regulatory authorities have accurate data on cross-border financial activities.
Entities required to file FLA returns ensure compliance with RBI and FEMA regulations for reporting foreign investment and assets.
Entities Required to File FLA Returns
- Indian companies or LLPs receiving FDI in the current financial year
- Entities making ODI investments during the year
- Entities with outstanding foreign assets or liabilities from previous years
FLA Return Filing Process
2
Create Business User Account
Register the entity and authorised signatory.
3
Login
Access your FLAIR account using credentials.
4
Prepare & Submit Return
Fill in the online FLA Return form with accurate data.
5
Receive Acknowledgement
Confirmation displayed upon successful submission.
Documents Verified for FLA Return Filing
- CIN of the Company / LLP
- PAN of Company and Authorised Person
- Authority Letter & Verification Letter
- Audited / Unaudited Financial Statements
- List of Employees on Payroll
- FDI/ODI Details
- Shareholding Pattern
- Registered Office Proof
- Business Activity Classification (NIC Code)
- Mobile Number & Email ID of Authorised Person
- FLAIR Business User Account Credentials
FLA Return Applicability
- Reports current and outstanding foreign assets and liabilities to RBI for FEMA compliance.
- FDI: Investments by foreign entities and NRIs into Indian companies or LLPs
- ODI: Investments by Indian entities into foreign subsidiaries or joint ventures
- Eligible Indian entities include Companies, LLPs, AIFs, Partnership Firms, and PPPs
Exemptions from FLA Return Filing
- Entities with no foreign investment or liabilities
- Companies issuing shares to NRIs on a non-repatriable basis
- Entities with nil foreign assets or liabilities
- Companies receiving only share application money
- Entities with no foreign transactions during the year
Step-by-Step FLA Return Filing Procedure
IndianTaxpert helps foreign companies and entities comply with FEMA by filing accurate FLA returns on time.
FLA Return Filing Steps
1
Create Business User Account
Register on the RBI FLAIR portal, submit authority & verification letters, and receive login credentials via email.
2
Login to FLAIR Portal
Access the portal using your credentials and navigate to the FLA return form.
3
Prepare & Submit FLA Return
Complete five sections: entity details, financials, foreign liabilities, foreign assets, and verification report.
4
Receive Acknowledgement
Upon submission, an acknowledgement confirms your FLA return filing.
FLA Return Due Dates
- Original Filing: 15th July every year
- Revised Filing: End of September (if financial statements were unaudited earlier)
Penalties for Non-Compliance
| Due Date | Penalty | Late Submission Fee (LSF) |
|---|---|---|
| 15th July | Rs. 2 Lakhs / 3x amount involved in FEMA violation | Rs. 7,500 per return |
| Continued Delay | Rs. 5,000 per day | – |
Why Choose IndianTaxpert?
✔ Account creation on FLAIR portal
✔ Accurate and timely FLA return submission
✔ Verification of financial and legal documents
✔ Tailored service for your entity
✔ Transparent updates and tracking
✔ Competitive pricing & dedicated FEMA expert support
