This is a question around schedule Foreign Assets and in particular about the shares in US stock market. How is peak value to be given? Is it on the basis of the accounting period irrespective of whether I had the stock in hand at the time of peak value or I need to calculate peak value for the holding period of the stock?
For eg:
My holding was from June till August such that the peak value for that holding during that period was in July.
the question I have now is that for such a holding, should I still use the peak value of 19 feb, 2020 (during the entire financial accounting period) or or 17th July,2020 ( holding period of my investment - June till August)?
CAclubindia
