Schedule FA (Table A3) Generator
A seamless way to generate your Foreign Asset declarations for your Indian Income Tax Return (ITR). Fill in the data below, and use the guide on the right for exact definitions.
1. Shares Acquired (Vesting)
Enter the Gross shares and shares withheld for taxes (STC). Net shares will be auto-calculated.
Shares your brokerage automatically sold to pay your income withholding tax (TDS).
2. Shares Sold (Optional)
Record any shares you sold during the calendar year to update your net balance.
3. Dividends Received (Optional)
Enter the gross dividend amount before US taxes were withheld.
4. Year-End & Peak Values
Required to calculate the highest value and closing balance of your 0 shares held at year end.
Peak Value (Highest point of year)
Closing Value (As of Dec 31st)
Final Values for ITR Schedule FA (Table A3)
- Nature of Entity: Shares
- Date of acquiring: Date of your first vest
- Initial Value: Copy "Initial Value"
- Peak Value: Copy "Peak Value"
- Closing Value: Copy "Closing Balance"
- Total gross amount paid/credited (Dividends): Copy "Dividends"
- Total gross proceeds from sale: Copy "Gross Proceeds"
Important Tax Rules
Per IT Rule 3(8)(iii), the Fair Market Value (FMV) for foreign shares is strictly the average of the stock's highest and lowest price on the vesting date, not the closing price.
Find historical High/Low prices on Yahoo Finance ↗You must use the State Bank of India's Telegraphic Transfer Buying Rate. If exact SBI records are unavailable, users sometimes reference the RBI rates in practice.
View RBI Reference Rate Archive ↗
Schedule FA strictly follows the Calendar Year (Jan 1 to Dec 31), unlike your standard taxes (Apr-Mar).
If your foreign shares paid dividends, the US likely withheld 25% tax. To claim credit for this in India and avoid double taxation, you must file Form 67 on the IT portal before submitting your ITR.
View Form 67 Rules (Rule 128) ↗