Schedule FA Guides

Practical guides for Indian residents with US employer stock — RSUs, ESPP, Fidelity NetBenefits.

Step-by-step
Schedule FA from Fidelity NetBenefits — Complete Walkthrough

Which CSVs to export, what goes in Table A2 vs A3 vs F, common mistakes, and how to automate the whole process.

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RSU
RSU Schedule FA — Vested Shares, Unvested Units, Acquisition Date

Vested RSUs go in Table A3 as equity interest. Unvested RSUs also in Table A3 as beneficial interest. Acquisition date = vest date, not grant date.

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ESPP
ESPP Schedule FA — FMV vs Purchase Price, Table A3 Initial Value

Most people use the wrong initial value for ESPP shares. If your employer taxed the discount in Form 16, you must use FMV — not the discounted purchase price.

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Exchange Rates
SBI TTBR Rule 115 — Which Exchange Rate to Use for Schedule FA

Rule 115 requires SBI TTBR on the exact event date — not the preceding month (that's Rule 26 for salary). How to look up historical rates and what to do for weekends.

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Penalty
Black Money Act & Schedule FA — Penalty for Not Disclosing

₹10 lakh flat penalty per year, 3x tax on undisclosed income, prosecution, 16-year lookback. There is no value threshold for foreign equity, and FATCA/CRS gives India your data.

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Eligibility
Who Must File Schedule FA? ROR vs RNOR vs NRI

Only Resident and Ordinarily Resident (ROR) taxpayers must disclose foreign assets. How residential status decides whether you file — and the tricky return-to-India year.

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Deadlines
Schedule FA Deadline for AY 2026-27 (FY 2025-26)

ITR-2/ITR-3 due dates, belated and revised return deadlines, and why filing Schedule FA late still carries Black Money Act risk even when your tax is paid.

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DTAA
Foreign Tax Credit & Form 67 for US RSU / ESPP

If the US already taxed your RSU vest, ESPP or dividends, claim credit under the India-US DTAA. Form 67, Schedule TR/FSI, and what is creditable (federal, not state).

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Checklist
10 Common Schedule FA Mistakes (and How to Avoid Them)

Wrong closing-balance date, wrong exchange-rate rule, ESPP cost basis, missing unvested RSUs, country code, decimals — the errors that trip up US-stock filers.

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Watch: Schedule FA in 2 minutes

Watch: Schedule FA in 2 minutes — Fidelity NetBenefits to ITR-2
Skip the manual work — generate Schedule FA in 2 minutes

Upload your Fidelity CSVs. ITRFA.in computes all Tables A2, A3, F with correct SBI TTBR rates and exports ITR-ready JSON + Excel.

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