Sale of foreign shares by Indian resident

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This discussion addresses how an Indian resident employee should report the sale of foreign shares purchased on the New York Stock Exchange. It covers which sections of the CG Schedule to use based on holding periods (more or less than two years) and whether to provide a consolidated entry or a bifurcated report. Guidance is also provided on determining the acquisition date for consolidated entries and converting US dollar prices to INR.

TEJAS AGRAWAL

TEJAS AGRAWAL (Querist)

29 July 2025 My client is an employee working in multinational company. He purchased some Shares from New York stock exchange in 2022 to 2024 in small units and in Jan 2025 he sold all the shares.

i want to know how i have to present this transaction in Income tax return in CG Schedule.
also Weather i have to give report with bifurcation as per purchases or directly single entry i have to mentioned.
In single entry what will be the date of acquisition then ?? as i have to convert share price from US doller's to INR date wise.

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 July 2025 1. Shares held for more than 2 years under Table B9 & less then 2 years under A5 of Schedule CG.
2. Consolidated single entry will be OK for each one. Consider the average rate of purchase,
3. The last one purchased in the time frame.

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TEJAS AGRAWAL

TEJAS AGRAWAL (Querist)

29 July 2025 Sir, "What date of acquisition needs to be taken in case of consolidated single entry?"

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

29 July 2025 The date on which the last purchase took place (in that block).

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

25 September 2025 Good luck...

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