I have received an email from the tax department that I hold foreign assets in the calendar year 2024 that I have not disclosed. Probably, the department is referring to the restricted stock units (RSUs) I was allotted when I worked for a big tech company in the US from 2018-2022. How should I declare these in ITR and should I declare the current value or the value at which I was allotted the stocks? Table B requires disclosure of financial interest held in any entity at any time during the calendar year 2024. The taxable income, along with the taxes paid in the US, would need to be disclosed in Schedule FSI in the income tax return, in addition to the disclosure of the stocks in Schedule FA.

Source: Mint December 29, 2025 15:23 UTC