Dear Members
Hope you are well. May I place this before your goodself please..
What is the rationale of not including 'payables to / receivables from foreign related parties' in FLAIR RBI return.
Regards
CA CS Dipjyoti Majumdar
Menu
Query on FLAIR return
Replies (1)
The FLA return excludes operational payables/receivables because it specifically captures foreign investment capital (equity and long-term debt/FDI/ODI) rather than working capital trade balances, which are already tracked separately via EDPMS and IDPMS.
Recent Topics :
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
- Where can students practice XAT PYQs effectively?
- Gst on Guest house 5% without ITC
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
Related Topics :
CAclubindia
