How to declare foreign stocks under the Schedule FA?
Hello,
I receive foreign shares in the form of ESPP (half yearly once) and RSU(quarterly once) from my company.
1. The perquisite value shown in form 16 will be declared in the salary component.
2. The dividend received (after tax with-holding in USA) is shown under Other source of income.
3. Form 67 is submitted.
4. Schedule FSI is submitted as I have sold few shares (purchased from 2020 till 2022)
5. Schedule TR gets auto - populated from FSI
Please validate the above statements. Is there any other section/schedule which I need to fill in?
I have confusion in declaring shares under the Schedule FA. Let's consider this example:
Example:
These are sold entries
2 - USA MICR Address Code Listed Shares 6/30/2020 ₹ 50,000 ₹ 50,000 0 ₹ 5,000.00 ₹60,000
2 - USA MICR Address Code Listed Shares 12/31/2020 ₹ 40,000 ₹ 40,000 0 ₹ 5,000.00 ₹45,000
These are unsold:
2 - USA MICR Address Code Listed Shares 12/30/2022 ₹ 1,00,000 ₹ 1,00,000 ₹ 1,00,000 ₹ 5,000 ₹0.00
2 - USA MICR Address Code Listed Shares 2/10/2023 ₹ 70,000 ₹ 70,000 ₹ 70,000 ₹ 5,000 ₹0.00
Here 5000 is dividend received after with-holding the tax amount over the period of Apr22-Mar23.
1. I am thinking of filling table A3 to declare.
2. Should I add entry for each transaction of ESPP and RSU holdings? Like total 15 entries I have considering both ESPP and RSU. So Table A3 will have 15 entries is it?
3. Now lets assume I have sold some stocks before 31st March 2023, in this case, respective entry's Closing Value will be 0 or nil. Is my understanding correct?
4. Under table A3, total gross paid column will be the total dividend received from Apr 22 to Mar 23 is it correct? (This amount will be same for all entries).
5. "Peak value of investment during the Period" will be same value as the one invested fur buying right? And this might be different for each entries. Right?
6. "Total gross proceeds from sales" will be nil or 0 if respective shares are not sold. is this correct? For sold shares, respect sale value in INR should be shown for each entry. Correct?
If my understanding is wrong, then kindly explain me with the same example.
Thanks in advance