Schedule Foreign Asset

If I am getting multiple stock units of RSU/ESPP for sometime. Those stock units also come with dividends. I have done multiple sell transactions and also have couple of buy transactions.

Can I just have a single entry in schedule FA showing my entire holding in the company or I need different entries for each transactions like buy, sell?

Wouldn't finding peak values, intial date and which stock where I got the dividend would be a tedious task? Also, for ESPP what should be the value of "Total gross amount paid/credited with respect to the holding" field?

Replies (2)
Quick Summary
This discussion clarifies how to report foreign assets like RSU and ESPP holdings, including dividends, on your tax return. It explains that you cannot use a single entry for all transactions. Instead, you need to provide date-wise details for each share acquisition and sale, which can become numerous over time. The correct reporting of 'Total gross amount paid/credited' for ESPP is also addressed.

No, you cannot give a single entry as you have to give date-wise details of the shares in the ITR

In case of any further queries, kindly mail me at casoravgupta @ gmail.com

Thanks & Regards
ACA. Sorav Gupta
(Practicing Chartered Accountant)

Hi Mr. Sorav,

I will have 16 entries this year if I have not sold my shares, similarly I will have 32 entries next year and after 10 years I will have 160 entries to show in the schedule FA, that would just be too much of work.

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