rbi fla return 2020 extension
Return to be filed by an Indian company who has arranged issue of GDR/ADR 66 kb: 6 kb: Application for remittance of legacies, bequests or inheritances to beneficiaries resident outside India 49 kb: 19 kb: Application cum Declaration for Purchase of Foreign Exchange under the Liberalised Remittance Scheme of USD 250,000 25 kb: 11 kb The RBI has further extended the date for filing FLA return from July 31, 2020 to August 14, 2020. https://www.taxontips.com/testimonials/great-chat-support/. Book your consultation with an expert practicing Chartered Accountant and get your query solved. However the same was extended to 31.07.2020 this year. All RBI/2018-19/226 A.P. download it from there. The RBI had stipulated that all Indian companies which have received Foreign Direct Investment (“FDI”) and/or made FDI abroad (i.e. FLA Return Filing. Read more on : return. The filled-in return in excel format should be send at e-mail id: fla@rbi.org.in, however, queries related to filling of return should be send to surveyfla@rbi.org.in. ! RBI vide its notification dated 28 June 2019 has revised the reporting norms for Indian Entities w.r.t. The professional expert explained all the things thoroughly. https://www.taxontips.com/testimonials/received-great-support-for-my-compliance-notice/. It was a very smooth experience. Required fields are marked *. ... Telephone No. Replies to my comments (Category: Extension) What is FLA Return? Here are various reason for same pointed out by Income tax department - Taxontips. If a dummy CIN is already provided, the firm can use it for filing FLA returns. Home RBI RETURN All About FLA Return of RBI ... CS Bhavya Sharma August 29, 2020 . I had a query about taxation on my EPF withdrawal and same was resolved very quickly over chat by the experts. https://www.taxontips.com/testimonials/awesome-consultation/. 8. GST annual return and GST audit for FY 2019-20 extended to 31.03.2021 - Taxontips, GST audit scrapped by Budget 2021 | What is the truth regarding same? 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. 7. Sitting home or at your office and don't have time to visit CA's office or don't know where to consult CA. Businesses need to file FLA … 2018-19. https://www.taxontips.com/testimonials/gst-return-related-query-resolved/. https://www.taxontips.com/testimonials/timely-reply-to-my-notice/. The filing of RBI FLA return has been extended to July 31, 2020. overseas investment) in the previous year(s) including the current year, should file the annual return on FLA in the soft form which can be duly filled-in, validated and sent by e-mail to the RBI by July 15 of every year. (DIR Series) Circular No.45 dated March 15, 2011 to the Department of Statistics and Information Management, RBI, Mumbai) Please read the guidelines/definitions carefully before filling-in the Return Section I: Identification Particulars For RBI… Relaxation in residency rule due to Covid-19 restriction for FY 2020-21 | Form NR, RE REGISTRATION OF OLD TRUST U/S 12AB OF INCOME TAX ACT, Deduction of partners-remuneration-can-claim-u-s-44ad of Income Tax act, Gift of listed equity shares from Father's HUF account to married daughter's account, ITR not processed yet? Your email address will not be published. July 15, then the FLA Return should be submitted based on unaudited (provisional) account. TaxOnTips provides you all tax related solutions in easy way and update you with its regular updates & notifications Visit us for details. Your email address will not be published. Any extension given by RBI in respect of filing FLA Posted By : Damini / Published on : 11-Jun-2020 07:08 AM / View : 92 / Comment : 0 Can anyone able to access FLA site (FLAIR portal)? Also check Spam folder for replies to your comment. FLA is Return on Foreign Liabilities and Assets which is governed by FEMA, 1999. However many people were complaining that the website is not working properly and is always down from last 2-3 days and it just works for a few hours and hence many people are not able to file their FLA return. The reporting entity need to take approval from RBI in case of revision of duly submitted current year FLA return. Recently my mother's PAN was flagged for not filing return of income and I was worried on what to do and experts here on Taxontips.com helped me on how should I handle the notice and reply the same and they even gave me assistance of a practicing CA to help me out. I had a query relating to filing my GST return and experts here solved my query within same day and I was very satisfied with the solution and fees charged by them for such solution. How to File FLA Return at RBI-FLAIR portal? April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. From whose mail id the FLA Return should be e-mailed? fill all the related info and submit to the bank or concerned authority. It was very helpful and quick. 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The same would be displayed on the FLAIR home page once the site becomes operational .FLA Team -----------------------------------------------------------------EXTENSION OF DUE DATES FOR TDS/TCS RELATED COMPLIANCESCompliance Original Due Date New due dates notified on 24-06-2020 Filing of TDS/TCS StatementForm 24Q, 26Q, 27Q and 27EQ of Q4 of FY 2019-20 31-05-2020 31-07-2020Form 24Q, 24Q, 26Q, 27Q and 27EQ of Q1 and Q2 of FY 2020-21 As per Rule 31A/31AA 31-03-2021Form 26QB, 26QC and 26QD of February, 2020 30-03-2020 31-07-2020Form 26QB, 26QC and 26QD of March, 2020 30-04-2020 31-07-2020Form 26QB, 26QC and 26QD of April to November, 2020 30 days from end of month in which tax is deducted 31-03-2021 Issue of TDS/TCS certificateForm 16 for TDS on salary during FY 2019-20 15-06-2020 15-08-2020Form 16A for TDS on income other than salary for Q4 of FY 2019-20 15-06-2020 15-08-2020TCS certificate for Q4 of FY 2019- 20 30-05-2020 15-08-2020 FLA return form is available on the rbi.gov.in website. If the company's accounts are not audited before the due date of submission, i.e. In view of the recent change in reporting platform for submission of FLA return, RBI extends the due date for filing the FLA return to July 31, 2019 for convenience of reporting for F.Y. Q16. 2,00,000 and if the contravention is continuing every day, Rs. https://www.taxontips.com/testimonials/timely-service/. Any query regarding filling of FLA return should be sent to email. Is there any extension granted by RBI for FLA Return FY 20-21? You can also subscribe without commenting. The due date of filing the Annual Return of FLA is by July 15th every year. However, the RBI advised MSC Bank or RCS to re-submit the proposal in adherence with RBI Circular on Transfer of Assets and Liabilities and specifying other compliances and conditions. Provision for Assessing officer to pass consequential order under Vivad se Vishwas Act. RBI MONTHLY UPDATES _ SEPTEMBER, 2020 RBI MONTHLY UPDATES _ SEPTEMBER, 2020. q Important Updates: A. (with extension)* Mention the telephone number with extension. overseas investment) in the previous year(s) including the current year i.e. I would recommend everyone to try their service. Florida C Corporation Tax Extension. Florida Form F-1120 (Florida Corporate Income/Franchise Tax Return) is due by the 1st day of the 5th month after the end of the tax year (May 1 for calendar year filers) or the 15th day following the non-extension deadline for the corresponding Federal tax return (e.g. https://www.taxontips.com/testimonials/filing-of-itr-1-online-with-expert/. Please use the exchange rate as at end-March Previous FY and end-March Latest FY (as applicable) of reporting year … 14/2020: ... September 15, 2020 FAQs on Extension of AGM (Annual General Meeting) October 12, 2020 I had received a notice u/s 143(1)(a) and got a great support in timely replying to the above notice and made me understand the meaning of such notice. I had just submitted my notice in Contact us form and received a resolution within 24 hours for a minimal consultation charges. Last date for submission of FLA return to RBI extended to 14th August 2020 this was due to technical errors stakeholders are facing for filing and browsing the website flair.rbi.org.in. The penalty under FEMA for not filing of return within due date are very high which is as under: “Non-filing of the return before due date will be treated as a violation of FEMA and penalty will be levied on defaulters which shall be three (3) times the sum involved in contravention or Rs. All Non-Banking Financial Companies (NBFCs) Madam/ Dear Sir, Extension of timeline for finalization of audited accounts. This has come as an announcement on the form link itself which can be seen as above. And thank you guys you are awesome. For the partnership firms, RBI will provide a dummy CIN based on the request from the company, and that can be used at the time of filing FLA annual return. Please enter your username or email address to reset your password. The Reserve Bank of India has extended the the due date for submission of annual return on Foreign Liabilities and Assets (FLA) for the year 2019-20 to August 14, 2020.The RBI priory directed the Asset Management companies (AMCs) to submit annual return on Foreign Liabilities and Assets (FLA) online through the web-based portal by July 31, 2020. 30 Jul Submission of FLA Return to RBI Extended to 14th August, 2020. RBI/2020-21/11 DoR (NBFC) (PD) CC. Accordingly, revised proposal has been submitted through the Co-operative Department on 24 November 2020. Extension of Due Date for FLA Return admin Reserve Bank of India recently introduced a web based portal under the name Foreign Liabilities and Assets Information Reporting System (FLAIR) for online filing of Annual FLA Return from the financial year 2018-19 by replacing email based submission of FLA return vide its circular no. You can email surveyfla@rbi.org.in and they will revert back to you. Salaried employees receiving defective notice u/s 139(9) from Income tax department for difference in TDS | What to do? We had discussed in our earlier post who needs to file FLA return and the normal due date of FLA return is 15.07.2020. Dear Friends, This video is to give an overview of how to file FLA return on RBI FLAIR System (https://flair.rbi.org.in). The two most important features of the site are: One, in addition to the default site, the refurbished site also has all the information bifurcated functionwise; two, a much improved search – … 2020 filing was not open even at starting of July 2020 and I mailed them for the first time. Thank you for visiting my blog. Reserve Bank of India (RBI) through an announcement on the Foreign Liabilities and Assets Information Reporting (FLAIR) system website has extended the due date of filing of Foreign Liabilities and Assets (FLA) Return for FY 2019-20 to 14 th August, 2020.. Annual Return on Foreign Liabilities and Assets. RBI extended the due date for filing FLA return for 2019-20 to July 31 from July 15, 2020; States that the extension comes in the wake of the recent change in reporting platform for submission of the return. I would definitely rate the conversation 10 out of 10 and recommend it to others. Save my name, email, and website in this browser for the next time I comment. Procedure for revision of current year FLA return: The reporting entity need to take approval from RBI in case of revision of duly submitted current year FLA return. The annual return on Foreign Liabilities and Assets (FLA) is required to be submitted directly by all the Indian companies which have received FDI (foreign direct investment) and/or made FDI abroad (i.e. We are based in Jaipur, India, © 2019-2020 Taxontips.com - Tax assistance at your Fingertips. Notify me of followup comments via e-mail. Will there be any further extension for filing FLA-2020 with RBI? April 14, 2015 Dear All Welcome to the refurbished site of the Reserve Bank of India. It was great help from Expert. We had discussed in our earlier post who needs to file FLA return and the normal due date of FLA return is 15.07.2020. Book a phone consultation for 30 minutes with our expert at a very basic cost. Great work keep it up! Will there be any further extension for filing FLA-2020 with RBI?EXTENSION OF DUE DATES FOR TDS/TCS RELATED COMPLIANCESRBI extended the due date for filing FLA from 15 July 2020 to 31 July 2020.RBI extended the due date for filing FLA return for 2019-20 to July 31 from July 15, 2020; States that the extension comes in the wake of the recent change in reporting platform for submission of the return.RBI FLA is down for almost 4 to 5 days during 9am to 6pm... extension is possible whoever facing the issue can request for extension by email with screens hot of issueMessage from FLA Team We are aware of the inconvenience faced by stakeholders while filing FLA return. Various compliance due dates extended under Income tax act | Passing assessment order, penalty order etc. RBI FLA Support. 1. The due date has been extended to 14.08.2020. 5,000 for every day for defaulting period.”, Since the penalty under FEMA is very high people have requested RBI to extend it’s due date and few e-mail have been circulated in the name of FLA team wherein it has been said that, “We are aware of the inconvenience caused by you while filing the return…… The due date for submission of FLA for the year 2019-20 is being extended. Thanks & Regards . Let’s hope that the extension of due date is updated on the website soon. 13. No. May 1 if the Federal return is due April 15), whichever is later. 18.09.2020, Filmmaker Anurag kashyap and actor Taapsee pannu face income tax raids, MCA introduces new provisions under LLP Act similar to Companies Act, FAQs for Seek adjournment, VC (Video conferencing) & Seek VC adjournment under Faceless Assessment under Income tax act. Annual Return on Foreign Liabilities and Assets (Return to be filled under A.P. I am a freelancer and had a query regarding my Income tax return and the experts helped me out with my problem and gave me proper support. GST annual return and GST audit for FY 2019-20 extended to 31.03.2021. The same would be displayed on the FLAIR home page once the site becomes operational.”. MALAV PATEL 14 June 2020 MALAV PATEL I posted my issue in the chat and soon I was assigned an expert and my query got resolved within 24 hours with satisfactory reply with support for filing my return. Initially, a joint merger proposal mutually agreed by Rupee Bank and MSC Bank was submitted on 17.01.2020. Mobile Number* Provide valid mobile number. I had a query regarding GST applicability on a very small issue and same was resolved quickly via the experts over chart support. In the above mail there is no further due date mentioned and on website also when we checked last no update regarding extension of due date was mentioned and due date of FLA return mentioned on website is still 31.07.2020. Other Queries from Gaurav. https://taxguru.in/rbi/rbi-extends-fla-2020-due-date-31st-july-2020.html However the same was extended to 31.07.2020 this year. https://www.taxontips.com/testimonials/regarding-epf-withdrawal/. - Taxontips, Vivad se Vishwas due date extended to 31.03.2021 and due date of payment without interest extended to 30.04.2021, Relaxation in residency rule due to Covid-19 restriction for FY 2020-21 | Form NR - Taxontips, Clarification on residential status by CBDT in Income tax because of Covide-19 pandemic, Due date for GSTR 9 and 9C i.e. July 06, 2020. 2. Here are various reason for same pointed out by Income tax department. The Balance Sheet for the year-end 2019 of ABC Pvt Ltd was signed by Auditors on 20th March 2020 due to certain reasons. The said extension is provided due to technical difficulties at RBI-FLAIR portal. - Taxontips, FAQ related to Quarterly Returns with Monthly Payment Scheme (QRMP scheme) and IFF facility, GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning, How to pay Membership and COP fees of ICAI for 2020-21 |, Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. The original date for filing the FLA return to RBI is 15th July of every year this was further extended to 31st of July 2020 Visit https://flair.rbi.org.in/fla → Login to FLAIR → Click “Please click here to get the approval to fill revised FLA form for current ... 2020 FAQs on Extension of AGM (Annual General Meeting) October 12, 2020 … However many people were complaining that the website is not working properly and is always down from last 2-3 days and it just works for a few hours and hence many people are not able to file their FLA return. Is it applicable to FY 2019-20, Do taxpayer under QRMP scheme have to file anything or pay any tax if there is no tax payable in a month?