Which Fidelity NetBenefits CSVs do I need for Schedule FA?

Three CSV exports: Current Shares — what we call open lots (currently held shares with acquisition dates and cost basis), Previously Held Shares — closed lots (shares sold during the year, needed even for sell-to-cover), and Transaction History (dividends, sale proceeds and NRA withholding). Export them in USD covering January 1 to December 31.

What is the closing balance date for a Fidelity account in Schedule FA?

December 31. Fidelity's accounting period is the calendar year (January–December), so Table A2 and A3 closing values use the Dec 31 figure — not March 31. Using March 31 is one of the most common Schedule FA mistakes.

Which Schedule FA tables apply to Fidelity RSUs and ESPP?

Table A2 for the Fidelity custodial account (peak balance, Dec 31 closing balance, gross income and gross proceeds), Table A3 for the individual equity holdings (one row per vested RSU or ESPP lot), and optionally Table F for the Fidelity Stock Plan Services Participant Trust.

Schedule FA from Fidelity NetBenefits — Complete Walkthrough

10 min read · Updated July 2026 · Applies to AY 2025-26 and AY 2026-27

TL;DR: Schedule FA is mandatory for Indian residents (ROR) who hold a Fidelity NetBenefits account — even if you made no sales and received no dividends this year. ₹10 lakh penalty per year of non-disclosure under the Black Money Act, 2015.

Contents

What is Schedule FA and who must file
Which Fidelity accounts need disclosure
Which CSVs to export from Fidelity
Table A2 — Fidelity custodial account
Table A3 — Equity interest (RSU + ESPP shares)
Table F — Fidelity Participant Trust
5 common mistakes that trigger scrutiny
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In a hurry? Skip the manual walkthrough — upload your Fidelity CSVs and get Table A2/A3/F in 2 minutes. Upload now →

1. What is Schedule FA and who must file

Schedule FA is a section of ITR-2 and ITR-3 where Indian residents disclose foreign financial assets. It was introduced under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.

You must file Schedule FA if you are a Resident and Ordinarily Resident (ROR) in India and hold any of the following:

Foreign bank or brokerage accounts (including Fidelity NetBenefits)
Foreign equity shares — whether vested RSUs, ESPP purchased shares, or direct purchases
Beneficial interest in foreign trusts (Fidelity Stock Plan Services LLC Participant Trust qualifies)
Any other foreign financial asset with value > ₹0

There is no minimum threshold. Even ₹1 of foreign assets requires disclosure. Non-residents (NR) and Not Ordinarily Resident (NOR) are exempt.

See full penalties and legal obligations →

2. Which Fidelity accounts need disclosure

A typical Fidelity NetBenefits account for an Indian employee has three distinct components, each requiring separate disclosure:

Account Component	Schedule FA Table	What to Report
Stock Plan Account (custodial brokerage)	Table A2	Peak balance, closing balance (Dec 31), dividends, sale proceeds
Vested RSU shares held	Table A3	One row per acquisition (vest) lot — initial value, peak, closing
ESPP purchased shares held	Table A3	One row per purchase date — initial value, peak, closing
Unvested RSU units	Table A3	Beneficial interest — one row per grant
Fidelity Participant Trust	Table F	Trust details (optional but recommended)

3. Which CSVs to export from Fidelity

Path: Stock Plan Account → View Share Details → Current shares tab → Export
When prompted, choose: Asset Currency (USD)

This file has one row per lot: acquisition date, quantity, cost basis per share, total cost basis, share source (RS = RSU, SP = ESPP), grant date.

Used for: Table A3 initial value INR (cost basis × SBI TTBR on acquisition date, per CBDT's Schedule FA filing instructions — see the free TTBR lookup). Which value goes in which column: Table A2 vs A3 guide.

Path: Stock Plan Account → Activity → Transaction History → Export
Date range: January 1 → December 31 of the calendar year
(e.g., Jan 1 2025 – Dec 31 2025 for FY 2025-26 — Schedule FA reports the calendar year ending Dec 31)

Contains: RSU vests, ESPP purchases, dividends, money market income, stock sales, NRA withholding.

Used for: Table A2 gross income (dividends), gross proceeds (sales), NRA withholding for DTAA cross-check.

Only filing Schedule FA? Jan 1 – Dec 31 is enough. Also filing Schedule CG, OS/FSI, or claiming foreign tax credit on Form 67? Those run on India's financial year (Apr–Mar), not the calendar year — export 15 months instead, Jan 1 2025 – Mar 31 2026, so dividends, sales and withholding from Jan–Mar 2026 aren't missed. If your broker's date picker caps at 12 months, export twice — the app accepts multiple Transaction History files, just select both when uploading.

Path: Stock Plan Account → View Share Details → Previously held shares tab → Export
Choose: Asset Currency (USD)

Check the date-range selector before exporting. Previously Held Shares has its own period picker, separate from the Transaction History export above, and it does not default to the full year — only filing Schedule FA? Jan 1 – Dec 31 is enough. Also filing Schedule CG, OS/FSI, or Form 67? Set it to Jan 1 2025 – Mar 31 2026 (15 months) instead, so sales from Jan–Mar 2026 aren't silently dropped. If the picker caps shorter, export it twice and upload both.

Needed only if you sold shares. Lots held at any time during the calendar year — including ones you sold during it — must appear in Table A3 (sold lots show a closing value of 0), but they no longer appear under Current shares.

If you never sold, skip this file.

4. Table A2 — Foreign Custodial Account

Table A2 covers the Fidelity stock plan account itself (the brokerage wrapper). One row per account.

Field	What to Enter	Source
Country Name and Code	`2-UNITED STATES OF AMERICA` (dropdown selection, not a typed code)	Fixed
Name of Institution	Fidelity Investments (NetBenefits)	Fixed
Account Number	Your participant number (e.g. I02483034)	Fidelity statement
Status	Owner, Beneficial Owner, or Beneficiary — your relationship to the account (there's no "Active/Inactive" option)	Fixed — usually Beneficial Owner
Peak Balance (INR)	Max(shares × stock price) across the calendar year (Jan–Dec) × SBI TTBR on that peak date	yfinance + SBI TTBR (peak date)
Closing Balance (INR)	Shares × stock price on Dec 31 × SBI TTBR Dec 31	yfinance + SBI TTBR (exact date)
Nature of Amount + Amount	One dropdown value (Dividend/Interest/Proceeds from Sale/Other) + its own amount, per row	Transaction History

Critical: Closing balance uses Dec 31, not March 31. Fidelity's accounting period is January–December (calendar year). The ITR form says "closing balance as of the last date of the accounting period of the institution" — for Fidelity, that is December 31.

Had both dividends and a sale in the same calendar year? A2's Nature of Amount is one dropdown per row — file two A2 rows for the account (same institution/balance details on both), one for the dividend total and one for the sale proceeds. There's no single row that holds both.

5. Table A3 — Foreign Equity Interest

Table A3 requires one row per lot (acquisition date) for every foreign equity interest. For Fidelity, this means one row per RSU vest lot and one row per ESPP purchase lot.

Field	RSU Vested Lot	ESPP Purchased Lot
Entity Name	Company name (e.g. ServiceNow Inc)	Company name
Nature of Entity	Equity shares — N shares acquired DD/MM/YYYY	ESPP shares — N shares purchased DD/MM/YYYY
Date of Acquiring	Vest date (not grant date)	ESPP purchase date
Initial Value (INR)	Market price on vest date × shares × SBI TTBR vest date	FMV on purchase date × shares × SBI TTBR purchase date
Peak Value (INR)	Lot's share of max portfolio value during FY × SBI TTBR on that peak date	Same
Closing Value (INR)	Shares × Dec 31 price × SBI TTBR Dec 31	Shares × Dec 31 price × SBI TTBR Dec 31
Total Income (INR)	0, unless a dividend can be matched to this specific holding — then it goes here instead of only in Table A2	Same

If you have 15 RSU vest lots across 3 grant years, you need 15 rows in Table A3. This is why manual filing is so tedious — ITRFA.in generates all rows automatically from the Current Shares CSV.

For unvested RSUs: also disclose in Table A3 as beneficial interest. Initial value = 0 (you haven't paid for them yet). Closing value = unvested units × Dec 31 stock price × SBI TTBR. See full RSU guide →

6. Table F — Fidelity Participant Trust

Fidelity Stock Plan Services LLC operates a participant trust to hold unvested RSU and ESPP shares on your behalf. Technically, as a plan participant, you have a beneficial interest in this trust — making it a foreign trust you should disclose in Table F.

In practice, many CAs omit Table F on the grounds that the beneficial interest is already captured in Table A3. However, a conservative filing includes Table F. Fields required:

Trust Name: Fidelity Stock Plan Services LLC Participant Trust
Country: UNITED STATES OF AMERICA
Settlor / Employer: Your employer name and address
Date of creation: Your first RSU grant date (approximate)
Beneficiary details: Beneficial interest as plan participant

7. Five common mistakes that trigger scrutiny

Using March 31 as closing date instead of Dec 31. Fidelity's accounting period ends Dec 31. The ITR field "closing balance as of last date of accounting period" must use Dec 31 stock price and Dec 31 SBI TTBR rate — not March 31.
Using Income-tax Rule 115's preceding-month rate instead of the correct exact-date rule for Schedule FA. Income-tax Rule 115's preceding-month rate applies to computing salary/dividend/capital-gains income. Schedule FA values must use CBDT's Schedule FA filing instructions: SBI TTBR on the exact acquisition/event date. Using the wrong rule can cause 15–20% difference in INR values. See Rule 115 guide →
Using one row for all RSU lots instead of per-lot rows. Table A3 requires one row per acquisition (vest) date. Aggregating all RSU lots into one row is incorrect and makes values unverifiable.
Using discounted ESPP purchase price as initial value. If your employer reported the ESPP discount as perquisite in Form 16 (which most do), your Indian cost of acquisition is FMV on purchase date — not the discounted price. Using the discounted price understates initial value. See ESPP guide →
Omitting the year entirely when no sales occurred. Schedule FA is mandatory every year you hold foreign assets — regardless of whether you sold anything or received any income. Many people mistakenly think "no income = no filing obligation." This is incorrect.

Five mistakes, one root cause: doing this by hand. ITRFA.in applies the correct exact-date SBI TTBR rule and generates one Table A3 row per lot automatically. Upload your Fidelity CSVs →

8. Automate with ITRFA.in

Manual filing from Fidelity data involves:

Downloading 2–3 CSVs from Fidelity
Looking up SBI TTBR rates for every acquisition date (can be 10–20 dates)
Looking up stock prices for every month-end to find peak balance
Computing INR values for every lot
Entering 15–30 rows into ITR-2

ITRFA.in does all of this from your CSV upload. Upload Current Shares + Transaction History, verify the auto-fetched exchange rates on the review screen, and download ITR-ready JSON + Excel in under 2 minutes.

Generate Schedule FA automatically

Upload Fidelity CSVs → get Table A2, A3, F with correct SBI TTBR rates. Takes 2 minutes. ₹399 for full INR values + JSON + Excel download.

Convert Fidelity CSV to Schedule FA →