banner_ad

FA Schedule -Table A3

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 July 2024 Experts, please provide your opinion on the below query:

In table A3 we have 2 columns,
(I) Total gross amount paid/credited with respect to the holding during the period. (Dividend, interest etc.)

(iI) Total gross proceeds from sale during the period.

For converting the foreign currency into INR, is it accepted if I use the previous month closing rate with respect to transaction date.
Say transaction date for above two cases is 13 March 23. For converting to INR I apply the closing month end rate for February.

Query No 2.
In the same table, we have a column Initial value of investment:
Does the initial value of investment include brokerage paid on shares?
Eg: share price 10 X No. Of shares 100
Gross payable 1000
brokerage 50
Total payable 1050

Query No3.
In the same table gross proceeds from sale or redemption of investment.
Should I deduct the brokerage paid from the sales proceeds and report?

I apologize for the above silly queries, but a second opinion gives me comfort that I am not misreporting any information in ITR
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
15 July 2024 Quary 1 Apply transaction date 13th March 23 exchange rate.
Quary 2 yes.
Quary 3 yes.
Profile Image

faisal shukoor

Profile Image

faisal shukoor (Querist)
16 July 2024 Thanks. Much appreciated
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
16 July 2024 You are welcome..
...
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
14 May 2026
Senior Accounts Executive

Karan Gupta & Co.

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
22 May 2026
U.S. Financial Reporting & Consolidation Manager

Karia Overseas

Ahmedabad

CA

View Details
Company
22 May 2026
Sr. Financial Analyst - Consolidation

Search Synergy

Mumbai

CA

View Details
Company
ARTICLESHIP 05 May 2026
ARTICLED ASSISTANT

JS ADVISORS

New Delhi

CA Inter

View Details
Company
07 May 2026
CA Assistant

amit desai and co

Mumbai

CA Final

View Details
Company
08 May 2026
CHARTERED ACCOUNTANT

SHAH LADHA AND ASSOCIATE

Ahmedabad

CA

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details