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Schedule fa - name and address of entity in column b

ITR 1547 views 2 replies

Hi,

1) In ITR2, Schedule FA Column B, it is asking for the Name and Address of the entity. When reporting foreign stock (ESPP/RSU), should we enter the name and address of the brokerage firm (Ameritrade/E*trade) etc or the name/address of the company whose stock we are reporting. I got two contradicting recommendations. When the real sale happens, the report comes from brokerage, so this confusion.

2) The person in question is ROR. If some of the stock were purchased when the person was NRI and purchased directly in USD, should the cost of acquisition be reported as (please note there was no sale and no CG just reporting)

        a)  original USD cost * exchange rate of the year of purchase  (OR)

        b)  original USD cost * exchange rate as of 31 March 2019.

Regards

Sri

Replies (2)

1. Name & Address of the company of which shares are held.

2.  a)  Original USD cost * exchange rate of the year of purchase.

Thank you very much for the clarification Sir.

Regards

Sri


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