FCNR DEPOSIT INTEREST EARNED REPORTING IN ITR2

SUDHIR VARDHAN (EX BUSS HEAD IN UNIFIL LEBANON)   (45 Points)

19 July 2025  

HOW TO DISCLOSE THE FCNR INTEREST INCOME IN USD & JPY IN EXEMPT INCOME SCHEDULE. WILL IT BE CONVERTED IN INR AT THE CLOSING CONVERSION RATE AS ON 31ST MAR 2025,IF YES WILL THE CONVERSION RATE BE SOURCED FROM RBI WEBSITE OR ANY OTHER WEBSITE. 

OR IS THERE ANY OTHER WAY TO DISCLOSE SUCH INCOME.

PLEASE GUIDE.