I've purchased stocks of 4 different companies listed in NASDAQ. This purchase happened through Interactive Broker account(https://www.interactivebrokers.com/en/home.php). Which table should I fill in schedule FA ? Do I need to fill for each stock or only the broker account is sufficient ?
Ordinary residents (ROR) are liable to furnish details in Schedule FA. Furnish details of broker account in table A1 and details of shares in A3. For conversion into INR, use rate of exchange "TT buying rate" on the date of investment or date of the peak balance or closing date of the accounting period. The details are required for the calendar period 2021. Also include the cost of such investments in Schedule AL.
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I've purchased one company shares multiple time. Do I need to make entry of each purchase or one entry in with average buying rate?
- Preferably it should capture all entries separately.
In my opinion, you have to make 1 entry with the sum total of the purchase costs involved in purchasing the share.
It depends on whether you own that share or is it just a fraction of shares given to you by depository.
If you are the owner then each shares needs to be mentioned.
If you are with depository then only one account of depository.
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Thank you.
Hi,
You need to mention it in schedule FA and if the income is above Rs.50 lakhs then in schedule AL as well. You have to report transaction wise if you own the securities directly. In case you own it through intermediary, mention the account with intermediary with one amount.
Regards
Prerna Peshori
