Vikas Kakkar (29 Points)
24 July 2023
I have been allocated
All the 900 share I am holding and not yet sold any share.
I think need to declare Under the Schedule FA A3
Could some expert can suggest what should I write under following collem
Peak value of investment Balance during the period
And
Closing value
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 24 July 2023
Are the shares listed on any exchange? if yes, take the 52-week highest rate. Multiply it with the no. of shares that will be its peak value.
closing value:: the investment value for 900 shares.
Vikas Kakkar
(29 Points)
Replied 24 July 2023
thanks sir
Thanks for reply .
it is listed in US.
(A) do need to write two row , one for 2021 and the other for 2022?
(B) 500 Share vested of US company on 1 may 2021 --->
should i take pick value between Jan-21 to Dec-21 or Jan-22 to Dec-22 ?
and
closing value Dec-21 or Dec-22 "
pls clearfy.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 24 July 2023
When you are filing ITR for AY 2023-24.
The values specified in the Schedule FA is for Acc. year Jan 22 to Dec. 22.
The closing balances asked are as on 31.12.2022.
Vikas Kakkar
(29 Points)
Replied 24 July 2023
Thanks
i am a bit confused, Do I need to add both entries ( for 2021 and 2022) in two rows of Sch FA?
if need to write in two-row, then for the 2021 year vested stock, the pick value will be the year 2021 or 2022
Following r two allocation
500 Share of US company on 1 may 2021
400 Share of US company on 5 june 2022
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160609 Points)
Replied 24 July 2023
If the shares are of same company, you can declare it in single raw as on 31.12.2022.
No need to reflect any transactions of year 2021.
CAclubindia
