Which months to consider for entering FSI in schedule S
For this FY when I will be filling the income tax I got to know since I am Resident I also need to show income earned in Germany. Germany follow tax year as calendar year (Jan-dec).
So while filing I will be showing the salary from Indian employer. Now when I need to add another entry in Schedule S for salary earned in Germany, Should I be showing April - August or Jan- August. Can you please also link me to the official document
So, in your case it will be April to the last day of your salary receipt.
Just to make sure in example assumption is person is treated resident through out. While I was treated Non Resident previous year.. Means FY 2020-2021 I was Non Resident. So it's still applicable right?
One additional query. Does it apply also to any RSU stocks too. Means should we be showing RSU stock credited in March 2021 in FY 2021-22 return?
Secondly, RSU stock credited to your account in March 2021. So the same is to be entered in your book in march 2021. Any tax liability over it will be assessed in AY. 2021-22. (pertaining to FY 2020-21)
Regarding RSU. For AY 2021-22(FY 2020-21) as per the FEMA rule I am deemed as Non Resident, so only the income arising in India was showed as per the rule. Now the RSU credited I am talking about is of Nasdaq listed stock which follow calendar year as tax year. And as per schedule FA the accounting term is considered Jan - Dec as per provided guidelines. So I am bit confused now.
(i) This schedule is to be filled up by a resident assessee. It need not be filled up by a ‘not ordinarily resident’ or a ‘non-resident’. ....