1. For Foreign Assets, in Schedule FA, Table A2 (Custodial Accounts) should the peak value & closing value show ONLY the idle cash sitting in the brokerage account in USA or should it include the value of the stocks purchased. (OR are shares purchased mentioned only in Table A3 with cash balance of brokerage account in A2)?
2. If I were to remit an amount to my brokerage account, should anything be mentioned against gross amount paid/credited to the account in Table A2(Schedule FA)? (dropdown has nature of amount as: Interest/Dividend/Proceeds from sale of assets/other income/no amount paid credited)
3. Table A3 requires peak value of stocks held. If I sell my stocks on say, June 1st, will the peak value be of the period between 1st Jan to 1st June or will it be the peak value of the stock anytime during the calendar year(i.e. even after I have sold it)?
CAclubindia
