Reporting foreign equities and dividends in schedule fa
This query is : Resolved
27 June 2019
Dear Experts,
In which section of Schedule FA of ITR-2 form for FY 2018-19 should the following information be reported?
1. Foreign equity holdings that are held at the end of FY 2018-19
2. Foreign equity holdings that are sold during FY 2018-19
3. Dividends received from foreign equities during FY 2018-19
In prior years, I had reported the above information in Section B of Schedule FA (Details of Financial Interest in any Entity held). However, FY 2018-19's ITR-2 form has been updated to include a new section A3 (Details of Foreign Equity and Debt Interest held). I would highly appreciate it if an expert could clarify the correct section to report each of the above details.
Thanks in advance for your insights!
In which section of Schedule FA of ITR-2 form for FY 2018-19 should the following information be reported?
1. Foreign equity holdings that are held at the end of FY 2018-19
2. Foreign equity holdings that are sold during FY 2018-19
3. Dividends received from foreign equities during FY 2018-19
In prior years, I had reported the above information in Section B of Schedule FA (Details of Financial Interest in any Entity held). However, FY 2018-19's ITR-2 form has been updated to include a new section A3 (Details of Foreign Equity and Debt Interest held). I would highly appreciate it if an expert could clarify the correct section to report each of the above details.
Thanks in advance for your insights!
CA. Brijesh Baranwal
(Expert)
29 June 2019
A3 seems suitable in your case.
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