It's seems to be the article for dividend income of individual is 25 not 10. Article 10 is company dividends

Excellent explanation. Have a doubt on declaring FA Scenario in calendar year 2022, 100 shares vested. So in return for FY April22-Mar23, i showed 100 shares as FA In calendar year 2023, 140 shares vested. In return for FY April23-March24, should i show just the new 140 shares or old 100 as well, since i havent sold those 100 shares yet? Thanks

Thank you for sharing detail. It's very helpful. Is US dividend income is income w/o US tax deduction or post US tax deduction?

Nicely explained video Mam. Kindly request if you can make informative video on taxation and filing of returns of Indian citizen seafarers having residential status NRI.

hello mam. u made this reporting easy. can you please share excel file for calculation

Hi Mam, my foreign RSU were vested in Feb 2024, employer added full consideration as perk and added to my income as perquisite. Broker also withheld some amount for taxes. Can I claim DTAA rebate in my FY24 tax filing or should I wait for next Financial year since foreign assets are declared as per calendar year?

How to connect with you for filing IT return

Hi @nama_ca If I have salary income in US. Then for each month I need to select previous month exchange rate ? Or can I take exchange rate for the last month when I received salary

If rsu 100% sell on vesting date than is it required to show in itr? If yes than how to show in itr & in which shedule. Pl gide

Very informative

Thank you very much for the detailed explanation with examples. Consider an scenario, where a person is investing in ESPP on every month of Rs.x for last 3 years. Is that 36 entries(one for each month) to be filled for each investment on ESPP ? There are dividends on the ESPP investment which is reinvested as stock purchase. Say two dividend for a year. Whether this has to be declared as Other income? Also, Since this dividend is reinvested, whether this has to be considered as investment correct mam?

Calculation of average rate is wrong, it should be fixed to tax slab.

I working chartered accountant medam but I m not CA...I'm any Course to preparing related course to similar CA type...

Can you please clarify below doubts. Note: 1.1. The vested RSUs given by the employer are mentioned under the nature of perquisites in Form 16. The tax is already paid for it and mentioned in Form 16 as well. The same info is reflected on the ASI website. 1.2. None of the vested RSUs were sold historically. 1.3. No dividend income comes from the vested RSUs. My doubts 2.1. For this case, do we need to disclose RSUs in Schedule FA? 2.2. If I need to disclose them, I did not know about this and filed ITR1, which was processed for the last financial year. I am yet to file for this financial year. Can I disclose RSUs from 2022 and 2023 in the current FY 2023-2024 filing? 2.3. Some CAs say we need to disclose only when selling and not while holding, as taxes for that are already paid. Other CAs say we need to disclose even if we are holding and even if taxes are paid. Which is true?

What are the reports reqd from client for fill all the RSU related details

Hello Ma'am, Can you clarify please? 1. In your example you have taken India Gross income based on Form 16. If there is additional India income like share, MF, rental etc then we'll need to first get the gross total from all of these also and the tax bracket on the total gross income. Correct? 2. For foreign salary income what is the article number? 3. For foreign income only the calendar year Jan 2023 to Dec 2023 needs to be considered, right? Not Jan 2024 to Mar 2024. Can you confirm this also?

Hi @Nama_CA Thank you so much for nice informative video. By seeing this video, i subscribed to your channel.

Very informative. Thank you mam. Can you also please do a session on schedule assets and liabilities? It is unclear whether entire assets needs to be declared as on 31st March or assets acquired only in particular FY needs to be declared?

Great explanation. What is the best way to connect with you for income tax filing?

IN FA schedule the Dividend was reinvested in share, so can total gross amount paid/cred with respect to the holding during peroid as zero

in case of new tax regime, is 80 D applicable

Hi CA Namrata, CA Kirti here. First of all, I really want to congratulate you for uploading such informative videos with real examples. I really enjoyed watching and learning from you. In my 12 plus years of practice, I still am struggling with these issues. you are the only one whose video I watch at .75x instead of normal speed so that I don't miss any word you say. great work

Thanks for details. Can I ask for friendly guidance on my situation? here is my background, I was filling as RNOR/NRI till last year, starting APR 2023 i am RESIDENT. I have 401k account in USA with fidelity it has vested balance, not withdrawn from it ever/can’t withdraw till employment ends. How to report this under schedule FA? Should be under section A1 or D? It is a personal retirement account (just like EPF and NPS). should I skip reporting it ?

Very useful information Itr 4 ke bare me bataye

Very Informative 👍🏼

Hello , i had watched full video of ESPP and also ITR 2 filling but still not able to understand how to add taxable income ( 17 (2)) under salary schedule as when I had mentioned same under income other than ESOP under 17 (2) at last it is asking me to submit PAN OF STARTUP AND DPIIT value which I am not able to understand . Could you help me

Hi Ma'am awesome explanation. So for transactions (rsu alloted in Feb 24) post Dec 2023, we won't need to declare in this year's ITR? Also can you share the excel file you showed in the video.

hi Mam, I am purchasing shares every month, how to disclose them and do I need to use peak value for every month or year?

Germany and india DTAA rate is 10 percent..if at germany 26 percent tax is cut...how much tax relief i will receive in itr in india- 10 or 26-10=16?

Needed help, Received esop from USA company, which are unlisted, bought back by company itself and gain is taxed under perquisites in salary. Tax deducted in USA, also added in india income and tax calculation Tax relief to be claimed under which sec 90/90a/91 and which article and what is DTAA rate?

Hello Ma'm. If 100 RSU were vested on may 2022 and 100 RSU on may 2023. and total rsu sold on april 2024. so only we have to mention on schedule FA right ? and not in schedule CG? since it has been sold on calendar year 2024 and not on calendar year 2023. so next year ITR 2 fiing we have to mention in Schedule CG about our capital gains?

Hello, what about calendar year and financial year as in India we account income as per financial year and in foreign income is accounted as per calendar year. My client earns salary in February and March 2024 in US and tax is withheld on the same , so do we include this salary in india income as he is a resident also how can we claim the tax credit for these 2 months as FORM 1042-S is available as per calendar year and not financial year. So if we show feb and march income in fy2023-24 return we cant claim the tax credit for the same as we dont have any proof to submit along with form 67.

Can we get that sheet to calculate our use case please

Thankyou mam for this video

Was waiting for this video. Thanks ma'am. One doubt, if I have very little dividend and don't want to claim DTAA benefit, do I need to fill Schedule FSI, TR and Form 67? I have only 20rs foreign dividend income!

Madam please ESOP and FA for share holding filing video madam, thank you 🙏

Life saving video mam, great video, was searching this info from several days, atlast got it, many many thanks 👍

If shares vested in February then they shouldn’t be declared in schedule FA. But should they be declared as unlisted shares i hold?

Hi madam please ESOP filing video

Hello, thanks for the explanation its really informative. Also can I have the excel file you doing calculation on

Super 👍 thank you your information

Hello Ms. Namrata. First of all, thank you so much. Since last few days, I have been seeing several videos that talk about declaring foreign assets in ITR-2. After seeing all three of your videos, without any doubt I can say that the way you have presented is one of the best. Thank you again for taking time out to create it - I am also subscribing to your channel. 🙂 I have one query and hope you would clarify. While filling the schedule FA, you have taken an example of Microsoft. In this case, the shares are listed in USA while the headquarters of the company is also in USA. However, my question is how will the information change if lets say shares of a company are listed in USA (e.g., NYSE) but, the headquarters are in some other country (e.g., Ireland)? In this situation what should be filled in the field - Country/Region Name and Code? Should it be USA (because stocks are listed there) or Ireland (because company is headquartered there)? This also becomes important because it might also impact calculations of tax in dividends since USA might have a different tax rates than the Irish tax rate. Even Government of India might or might not have DTAA with the other country. I look forward to hearing from you. Thank you!

Do a private company need to file form 67 before ITR filing to claim foreign tax credit

For dividend and interest income in Singapore, tax paid is nil. Suppose payable tax n India as per tax rate 34% then what will be the tax credit. Understand that as per article 10 & 11 of DTAA the applicable tax is 15%.

Thank you for this. For filing "Schedule FA" do we need to fill the stocks purchased from "Jan-Dec" period or also stocks from last year? As in video you have shown stocks acquired older than 1 year.

Very Informative ...perhaps the only vedio that talks about nitty gritty of how to really fill FA schedule .People in general talk about theorytical aspect that people already know . Keep up the good work .

Excellent Info.

Mam, Do I need to disclose how many share I still hold in ITR apart from sold one. If Yes, then can you let me know where I can disclose it in ITR.

If we have net loss on short term capital gains dont we have to fill FSI as I dont see negative values are accepted in the fields of FSI, BFLA, CYLA

My company annual tax statement includes rsu gain in perquiste and that total income is mentioned on form 16, so then how to calculate avg rate of tax.