What do I have to file in my tax return?
Own foreign stocks and you must declare every single one — miss it and the penalty is ₹10 lakh a year.
₹10L
penalty per year for failing to disclose foreign holdings
Filing burden: direct vs GIFT City
What to do
- 1
Use ITR-2 (salary/capital gains) or ITR-3 (business) — never ITR-1.
- 2
Enter each foreign holding in Schedule FA, Table A3 (held during the calendar year).
- 3
Report foreign income in Schedule FSI and claim relief in Schedule TR.
- 4
Cross-check every entry against your AIS and Form 26AS before filing.
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Illustrative only · Rules per Finance Act 2025 (FY 2025-26) · Figures are examples, not advice — confirm with a qualified CA / tax advisor before acting.