I have invested Rs. 2,00,000 in US stocks in last FY.
My broker statement was given based on calendar year. So, only a part of my investment details were given. From April to Dec 2021, I had bought shares worth Rs. 40,000 only. And those details were only there in the statement.
But here in the AIS statement, foreign remittance of my total invested amount was there.
I had bought shares of remaining Rs. 1,60,000 during Jan - Mar 2022.
Should I fill data as per calendar year ?
I was only holding those shares. No gains/losses as I didn't sell. Is it mandatory to show details in schedule FA. If so, which form (A1/A2/A3) should be used ?
23 July 2022
1. No. You need to file ITR data for financial year 2021-22. 2. All the foreign assets in possession as of 31.3.2022 need to be declared, including the unsold shares.
23 July 2022
Thanks for the reply sir. But for giving financial year details, how can I get details (such as address, zip code, nature of entity, initial value of investment, peak value of investment etc) of stocks that were bought during Jan-Mar 2022 as those details were not there in broker statement. It would be easier to give cumulative details as we are doing for Indian stocks. But lot of details need to be given for US stocks. Kindly clarify sir.
CAclubindia
