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Question ID : 44586

Form ODI Part II - Annual Performance Report

Resident Individual has made overseas investment in foreign entity in January 2023. However, the foreign entity follows calendar year. In this regard, want to understand whether Annual Performance Report ('APR') of the foreign entity is required to be filed for Calendar Year 2022 or Financial Year 2023.

Posted by MANISHA MALI on Dec 27, 2023


Answer ID : 85293

APR filing only if ODI investment is made by a person resident in India holding more than 10% of equity capital or has control in the Foreign Entity or has any other financial commitment in the Foreign Entity other than by way of equity. APR to be filed for calendar year

Posted by Hari Beldona on Feb 02, 2024