Do you at any time during the previous year, : yes or no

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This query is : Resolved

Quick Summary

This discussion clarifies whether to answer 'Yes' or 'No' to the ITR question about holding foreign assets. If you've been allocated Restricted Stock Units (RSUs) from a foreign company but haven't sold them or received any dividends, you should select 'No'. The question pertains to beneficial ownership, signing authority, or income from assets located outside India, and simply holding unvested RSUs without these conditions doesn't require a 'Yes'.

Vikas Kakkar

Vikas Kakkar (Querist)

31 July 2023 when are submitting following question are asked by
should i select yes or no in case i have allocated RSU, no divident and so far i have not sold it.

Question is like this
======= ==== ====
Do you at any time during the previous year, Yes/No
hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India or
have signing authority in any account located outside India or
have income from any source outside India

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

31 July 2023 Say No if you are not a beneficial owner/signing authority/have income.

Vikas Kakkar

Vikas Kakkar (Querist)

31 July 2023 Hi Sir ,
Let me correct my question,
I have been allocated 900 RSU last year but I have no dividend income and not sold.

should i select yes or no in the case for the below ITR Question?

======= ==== ====

Do you at any time during the previous year, Yes/No

hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India
or

have signing authority in any account located outside India
or
have income from any source outside India

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

31 July 2023 Select No for the question.

Vikas Kakkar

Vikas Kakkar (Querist)

31 July 2023 thanks sir ,

What i understood that i have foreign company listed shareholding but there is no dividend income in such case should select NO .

Am I not coming in this category
hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India or
>>>> Since i am holding foreign company listed share

Vikas Kakkar

Vikas Kakkar (Querist)

31 July 2023 thanks sir ,

What i understood that i have the foreign company listed shareholding but there is no dividend income in such case should select NO .

Am I not coming in this category

hold, as beneficial owner, beneficiary or otherwise, any asset (including financial interest in any entity) located outside India or
>>>> Since i am holding foreign company listed share (no dividend income)

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

31 July 2023 Say No it's related to others holding your shares say No.

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