FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.FLA Return Filing Overview
The FLA (Foreign Liabilities and Assets) Return is a mandatory annual filing for Indian companies, LLPs, and other entities involved in Foreign Direct Investment (FDI) or Overseas Direct Investment (ODI). This filing is required under the regulations of the Reserve Bank of India (RBI) and the Foreign Exchange Management Act, 1999 (FEMA). It collects crucial data regarding foreign liabilities and assets as reflected in the financial statements of these entities.
At Shaah Solutions, we provide expert assistance to help Indian companies and LLPs efficiently manage their FLA Return filings.
Introduction to FLA Return
The FLA Return is an essential report that must be filed annually by Indian entities receiving FDI or making ODI. It is submitted to the RBI and captures detailed information on the foreign liabilities and assets reflected on the balance sheets of these entities. Governed by FEMA, the FLA Return plays a vital role in regulating India’s foreign exchange and international financial transactions.
Who Needs to File the FLA Return?
Entities required to file the FLA Return include:
- Companies established under the Companies Act, 2013
- LLPs formed under the Limited Liability Partnership Act, 2008
- Other entities, such as SEBI-registered Alternative Investment Funds (AIFs), Partnership Firms, and Public-Private Partnerships (PPPs), involved in foreign investment activities within India or abroad
Exemptions from Filing FLA Return
Entities are not required to file the FLA Return if:
- They have not received FDI or made any ODI in the current or previous years
- Their foreign investment consists solely of application money with no outstanding FDI or ODI by the end of March of the reporting year
- Non-resident shareholders have sold their shares to residents during the reporting period and the entity has only issued shares to non-residents (without the ability to convert invested capital back into foreign currency and transfer it abroad)
Deadline for Filing the FLA Return
The FLA Return must be filed by July 15th each year. If the accounts are not audited by this date, unaudited or provisional figures can be submitted. In case of audited accounts, a revised FLA Return must be filed by September 30th.
Penalties for Late Filing
Failure to file the FLA Return or submitting it late can result in penalties under FEMA:
- Late Submission Fee (LSF): A fee of INR 7,500 applies if the FLA Return is filed after the due date but before any enforcement action is taken.
- Penalties for Non-compliance: Severe penalties for non-filing or incorrect information include:
- Monetary fines up to 300% of the violation amount or a minimum of Rs. 2 Lakh if the violation amount cannot be quantified
- A daily penalty of Rs. 5,000 for continued non-compliance
Information Required for Filing the FLA Return
The FLA Return is divided into five sections to capture detailed data on foreign liabilities and assets:
- Section I – Identification Details
- Company name, PAN, CIN, and contact information
- Industry classification based on the NIC code
- Specifics regarding FDI involvement
- Section II – Financial Details
- Paid-up capital, profit and loss account, reserves & surplus, and sales and purchases (domestic and foreign)
- Employee details
- Section III – Foreign Liabilities
- FDI in India, including investor details, equity holdings, and liabilities to investors
- Portfolio investments and other liabilities to foreign unrelated parties
- Section IV – Foreign Assets
- ODI details, including investment in Direct Investment Enterprises (DIE) abroad
- Debt securities and portfolio investments abroad
- Section V – Variation Report
- A comparison of the current year’s data with the previous year’s, automatically generated by the system
Procedure for Filing the FLA Return
Since June 2019, the FLA Return filing process has transitioned to a web-based system via the FLAIR portal. Here’s how entities can complete the filing:
- Setting Up a Business User
- Access the FLAIR portal and register as a new entity user.
- Provide necessary entity details, including CIN, PAN, and contact information.
- Upload required documents such as verification and authority letters.
- Preparing and Submitting the FLA Return
- Once registered, log in to prepare the FLA return.
- Complete all five sections, ensuring accurate data entry.
- After completing the return, review and submit it through the FLAIR portal.
- Post-Submission
- After submission, an acknowledgement will be generated confirming successful filing.
Shaah Solutions experts can assist you at every step of the FLA Return filing process, ensuring timely and accurate submission.
Important Notes:
- The registered email ID is crucial as it will be used for login credentials and OTP generation. Ensure it is entered correctly.
- If there are any changes in the entity’s email ID or name, email surveyfla@rbi.org.in to deactivate the old account and create a new one for the current year’s filing.
- Prior to submission, you can download a draft of the FLA return to review for accuracy.
File Your FLA Return with Shaah Solutions!
Begin your FLA Return filing process with Shaah Solutions and leverage our expert guidance to ensure a seamless and compliant filing experience.