# Schedule FA for RSU holders

Filing and compliance · 2 min read · Updated 5 October 2026

Schedule FA is where you tell the taxman about foreign assets, and vested RSU shares count. It follows the calendar year, lives in ITR-2 or ITR-3, and you report it even if you owe no tax.

> **Heads up.** Rules and dates change. Confirm the details with a chartered accountant before you file.

## What Schedule FA is

Schedule FA is the part of your income tax return where you disclose foreign assets. It’s a disclosure schedule, not a tax schedule. It sits in ITR-2 and ITR-3, so if you hold foreign shares you can’t file ITR-1 or ITR-4.

## Who needs it

Residents of India who held a foreign asset during the reporting window, including vested RSU shares of a US-listed company. Guides report no minimum value. Unvested RSUs aren’t reported.

## The calendar-year window

Schedule FA follows the calendar year, not the Indian financial year. For the return for AY 2026-27 (income of FY 2025-26), you report assets held at any time between 1 January and 31 December 2025. That includes shares you sold during the year.

## What you report

For each holding, the schedule asks for things like the country, the company, the date you acquired the shares, their initial value, the peak value during the year, the closing value, and any income or sale proceeds. Values are in rupees, converted at SBI TTBR rates. Check the current ITR utility for the exact fields and the table to use for foreign equity.

## Why it matters even if you owe no tax

Paying tax at vesting doesn’t remove the duty to disclose. Several guides report that missing Schedule FA can attract penalties under the Black Money Act, even when no extra tax is due. Talk to a CA if you missed it in earlier years.

## Foreign tax credit and Form 67

If foreign tax was withheld on income such as dividends, you can claim a credit through Form 67. Sources disagree on timing, with some saying it must be filed before your return and others pointing to a later deadline, so ask your CA.

## Missed it?

One CA firm reports 31 December 2026 as the belated-return deadline for AY 2026-27. Dates and options such as updated returns need checking, so confirm with a CA. Keep an eye on the [tax calendar](https://rsu-hub.vercel.app/tools/tax-calendar/).

## Try the maths

### [Tax calendar](https://rsu-hub.vercel.app/tools/tax-calendar/)

The dates that matter, with a countdown.

## Quick answers

**Do I report unvested RSUs in Schedule FA?**

Guides say no. Only shares you have actually received, meaning vested shares, are reported.

**Which ITR form includes Schedule FA?**

ITR-2 or ITR-3. ITR-1 and ITR-4 do not include Schedule FA, so they cannot be used once you hold foreign shares.

**Does Schedule FA use the financial year?**

No. It uses the calendar year. For the return for AY 2026-27, you report assets held between 1 January and 31 December 2025.

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Source: https://rsu-hub.vercel.app/guides/schedule-fa-for-rsu-holders/