RBI extends the annual return on Foreign Liabilities and Assets till August 14, 2020

Jul 30, 2020 | by Avantis RegTech Legal Research Team

Finance & Taxation Compliance

The Reserve Bank of India (RBI) on July 29, 2020 has decided to extend the submission of annual return on FLA through the web-based FLAIR (Foreign Liabilities and Assets Information Reporting) portal for financial year 2019-20 has been started. The entities which are filing FLA return for the first time with revised UIN (Unique identification number) are required to register themselves first for generating login credentials and they can file FLA return. However, the entities which have already registered earlier may submit FLA-2020 using their login credentials. The last date for filing of annual return on FLA -2020 has been extended from July 31, 2020 to August 14, 2020.


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