13 Points
Posted on 26 June 2026
Hi Sach and Rama chary,
Regarding your specific queries on Schedule FA Tables A2 and A3:
1. **Multiple Credit Sources in Table A2**: If you have received both dividend credits and proceeds from stock sales in the same foreign brokerage account (like IBKR, Fidelity, Vested), the ITR utility expects you to report the peak balance held during the calendar year (Jan 1 to Dec 31). For the dropdown specifying the nature of credit, you should select the predominant source of credit (e.g., Sale proceeds or Dividend) or add separate rows for the same account if you wish to itemize distinct credit streams separately.
2. **GIFT City / IFSC Assets**: While investments in GIFT City IFSC are technically treated as foreign assets under FEMA regulations, standard Income Tax filing guidelines clarify that domestic resident accounts in GIFT City do not require Schedule FA Table A2/A3 reporting if they are mapped to your Indian PAN, unless you are holding international stocks listed on global exchanges.
Manually converting calendar-year peak USD balances and applying Rule 115 TTBR forex rates across Tables A2 and A3 can be very tedious. To automate this compliance, you can use https://itrfa.in — it automatically parses foreign broker CSV statements and generates exact Table A1, A2, and A3 entries ready for your ITR-2 or ITR-3 filing. Hope this clarifies!