How to fill Schedule FA (AY20-21)

How to fill Schedule FA (AY20-21)

I need some help in entering the ESPP / RSU details in Schedule FA.
Q1. Should I select Table A3 or Table D. (Table D looks much simpler)
Q2. How to enter the details in A3 which has the following columns?
(2) Country Code and Name
(3)	Name of entity
(4)	Address of entity
(5)	ZIP Code
(6)	Nature of entity
(7)	Date of acquiring the interest
(8)	Initial value of the investment 
(9)	Peak value of investment During the Period 
(10)	Closing balance 
(11)	Total gross amount paid/credited with respect to the holding during the period 
(12)	Total gross proceeds from sale or redemption of investment during the period 

Say I had acquired shares via ESPP (traded on Nasdaq) for Rs.10,000 on 1 Jan 2017 and have not sold them yet, 
what should be entered for columns 6, 8, 9, 10, 11, 12
Can some knowledgable CA kindly share the details about how to fill Table A3.

Asked 4 years ago in Income Tax

Hi,

You need to fill table A3.

6. It would be listed company

8. It would be inr 10000

9. You need to check highest traded price of those shares during the year and multiply by number of shares

10. You need to check traded price of shares as on 31st March 2020 and multiplied by number of shares.

11. if you have received any dividend from this then that amount will be reported here.

12. It would be zero.

Feel free to take a phone consultation in case you want to have a detailed discussion around it

Lakshita Bhandari

CA, Mumbai

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Talk to Lakshita Bhandari

Dear Sir,

Hope you are doing well !!

Please find below the responses:

6. Listed Company.

8. INR 10000.

9.No. of shares × Highest traded share price.

10.No. of shares × Share price as on 31st March 2020.

11. If you have received any divided during the period then you need to report the same.

12. It would be zero.

It is advisable to take a phone consultation for detailed discussion.

Payal Chhajed

CA, Mumbai

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Talk to Payal Chhajed

Hi, Thanks for the answers, had a few follow up questions:
1. During AY 19-20, the share details were entered in table D, not A3, (this was filed via cleartax and I wasn't aware of these different sections). Should I file a rectification return with the correct table A3 or is it OK to leave it table D?
2. If I have not received any dividend, then "(11) Total gross amount paid/credited with respect to the holding during the period" will be 0, right?
3. pls clarify "during the period". Does it refer to the financial year from the date of the stock vesting to the end of FY, for ex, if the stock vested was in 1st Jan 2017, then the period will be from 1st Jan 2017 to 31st March 2017? Should I consider the date of vesting or the start of FY to compute column "(9) Peak value of investment During the Period"
3. Once I sell the shares, can the entry can be deleted from schedule FA or is any other detail be furnished in schedule FA?

Thanks.

Asked 4 years ago

1. The due date to file revised return has lapsed.

2. Yes

3. Its should be current financial year

4. You need to fill the details in the year of sale also and in the last column you need to provide sales proceeds. Post that, you dont need to show in next year.

Lakshita Bhandari

CA, Mumbai

5687 Answers

943 Consultations