Filing foreign assets, explained properly.
Clear, first-principles walkthroughs of India’s Schedule FA and the arithmetic behind an accurate foreign-asset disclosure.
How to File Schedule FA Correctly: A First-Principles Guide
The schedule asks for numbers your foreign statements were never built to answer — on a calendar that isn’t India’s, at exchange rates from specific dates. Here is how each figure is actually defined: peak, closing, initial value, FIFO lots, and the traps.
Read the guide →Schedule FA for RSUs and ESPP: A Practical Guide
RSUs and ESPP stock are the most common reason an Indian resident ends up with a foreign-asset disclosure — and the most commonly mis-reported. Here is how each vest, purchase and sell-to-cover actually maps onto Schedule FA.
Read the guide →Which Exchange Rate Does Schedule FA Use? SBI TT Buying Rate, Explained
Schedule FA is reported in rupees — but never at “today’s rate.” Every figure uses the SBI TT buying rate on a specific date, and getting the date wrong is the single most common Schedule FA error.
Read the guide →Peak Value in Schedule FA: What It Means and How to Calculate It
“Peak value” is where most Schedule FA numbers go wrong — because your statements only show period-end balances. The peak is a daily high-water mark, not a year-end snapshot.
Read the guide →