FLA Return Filing — Filed Accurately. On Time. Every Year.
The Annual Foreign Liabilities and Assets Return is mandatory for every Indian company with outstanding FDI or overseas investment — we prepare the data, complete the form, and submit on the RBI portal before July 15.
Contact UsThe Foreign Liabilities and Assets (FLA) Return is an annual statistical return mandated by the Reserve Bank of India under FEMA. Every Indian company, LLP, or other entity that has received Foreign Direct Investment (FDI) or made Overseas Direct Investment (ODI) — and has any outstanding balance on the reporting date — must file the FLA Return by July 15 each year. The obligation continues every year as long as FDI or ODI remains outstanding on the books, even if there is no new inflow or outflow during the year.
The FLA Return is filed on the RBI's dedicated FLAIR portal using data from the entity's balance sheet — specifically the foreign investment positions on the liabilities side (FDI received) and assets side (ODI made). Entities file based on provisional, unaudited figures first; a revised return can be filed after the accounts are finalised. Errors or omissions in the FLA Return can result in notices from the RBI and are considered FEMA violations.
We manage the entire FLA Return process: extracting the relevant data from your financial statements, preparing the FLA Return in the prescribed format, reviewing it for accuracy, and submitting it on the FLAIR portal within the deadline. For entities filing for the first time, we also handle the registration on the FLAIR portal and guide you on the data points required.
Our FLA Return Filing Services
FLA Return Preparation
Extraction of relevant FDI and ODI data from your balance sheet and preparation of the complete FLA Return in the prescribed RBI format.
FLAIR Portal Submission
Filing of the completed FLA Return on the RBI's FLAIR portal (flair.rbi.org.in) before the July 15 deadline.
Provisional Return Filing
Filing on the basis of unaudited, provisional balance sheet data before the July 15 deadline to meet the statutory requirement.
Revised Return Filing
Filing of the revised FLA Return after the annual audit is completed and audited accounts are available.
First-Time FLA Setup
FLAIR portal registration and complete end-to-end support for entities filing the FLA Return for the first time.
Data Verification
Cross-verification of the FLA data against FC-GPR and FC-TRS filings on FIRMS to ensure consistency in reported FDI positions.
Multi-Year Filing
Filing of FLA Returns for prior years where the obligation was missed, along with assessment of FEMA violation exposure.
Annual Compliance Retainer
Year-round retainer covering FLA Return filing every July as part of a broader FEMA compliance programme.
Our Process
Data Collection
We request your balance sheet data, particularly the FDI received (equity, preference, CCPS) and ODI made (equity, loans) positions as at March 31.
FLA Return Preparation
The FLA Return is prepared using the RBI's prescribed format, mapping each line item from the balance sheet to the corresponding FLA field.
Data Verification
We cross-check the FLA data against previous year's return and the entity's FIRMS filings to ensure consistency and accuracy.
FLAIR Portal Filing
The completed FLA Return is submitted on the FLAIR portal. We provide the submission confirmation and reference number.
Revised Filing (if applicable)
If the accounts are not finalised by July 15, we file a provisional return and then a revised return once the audit is completed.
Why It Matters
Frequently Asked Questions
Need to file your FLA Return before July 15?
We extract the data, prepare the return, and file on the FLAIR portal — accurately and on time, every year.
