Dear all,
I have received some dividends from my foreign stocks. I have also received some capital gains from selling them. I am reporting all the assets in schedule FA and in schedule CG (for capital gains) and in schedule OS (for dividends).
Should I also fill schedule FSI mandatorily even if I have no interest in claiming any foreign tax credit?
Yes, advisable. Otherwise ITR may be liable as defective.
In this Schedule, report the details of income, which is accruing or arising from any source outside India.
Please note that such income should also be separately reported in the head‐wise computation of total income. The relevant head of income under which such foreign source income has been reported should also be duly mentioned in the relevant column.
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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