Schedule FA A3 need clearificaiton of Peak value and closing value when share is not sold

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This discussion seeks clarification on reporting US company shares under Schedule FA A3, specifically regarding 'Peak value of investment' and 'Closing value'. The user holds 900 un-sold shares allocated in different years and needs guidance on how to declare them, whether consolidated or separately. They also inquire about answering the ITR question regarding foreign assets when holding un-sold RSU with no dividend income.

Vikas Kakkar

Vikas Kakkar (Querist)
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24 July 2023
I have been allocated
1) 500 Share of US company on 1 may 2021
2) 400 share of US company on 5 june 2022

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

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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24 July 2023 Declare 900 share under both column.

Vikas Kakkar

Vikas Kakkar (Querist)
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30 July 2023 thanks sir,

could you please let me know do i need to show both in same row .
one row for 2021 and one row for 2022

or can consolidate both as 900 and show in 2022

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2023 consolidate both and show in 2022.

Vikas Kakkar

Vikas Kakkar (Querist)
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30 July 2023 Thanks Sir .

So will put like as on 31 Dec 2022 , 900 Share, with consolidated purchase price( sum of purchase 2021 and 2022) .

is it correct

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 July 2023 Yes, it's right...
....

Vikas Kakkar

Vikas Kakkar (Querist)
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31 July 2023 thank sir .
last question

when are submitting following question are asked by
should i select yes or no in case i have allocated RSU, no dividend and so far i have not sold it.
thanks very much you have so far answer every question

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)
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31 July 2023 Say No to all such queries if you are not holding.

Vikas Kakkar

Vikas Kakkar (Querist)
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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)
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31 July 2023 Say No for all...
....

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