Fact-check notes
Last fact-checked: 2026-05-30
Tax caution: AY 2026-27 covers FY 2025-26 and continues under the Income-tax Act, 1961. New Act, new section and new form references should be verified against official utilities before filing.
Use this page as preparation guidance. A professional should verify the active law year, notification, portal utility and source records before filing or taking a tax position.
What this covers
Foreign RSUs and ESOPs can create salary perquisite, capital gains, dividend, foreign tax credit and Schedule FA reporting in the same return.
- Vesting or exercise may create salary/perquisite income depending on plan structure.
- Sale creates capital gains with foreign currency conversion and acquisition-date issues.
- Holding foreign shares can trigger Schedule FA disclosure.
- Foreign tax credit needs Form 67 and supporting tax documents where eligible.
Who this is for
- Indian resident employee of MNC.
- Tech employee selling US RSUs.
- Startup employee exercising ESOPs.
- CA preparing ITR-2 with foreign assets.
Documents and data to verify
- Grant, vest and exercise statements.
- Sale confirmation and broker statement.
- Foreign tax withholding documents.
- Exchange rate and Schedule FA data.
Common mistakes to avoid
- Only reporting sale and missing vest perquisite.
- No Schedule FA disclosure.
- Wrong cost basis in INR.
- Missing foreign dividend.
How to proceed
- Confirm the applicable financial year, assessment year, taxpayer type, state and portal status before acting.
- Reconcile portal data with books, AIS/Form 26AS, GST returns, contracts, invoices, bank statements and source documents.
- Prepare a written computation, checklist, filing note or response with assumptions clearly stated.
- Download acknowledgements, challans, workings and evidence after filing or submission.
FAQs
Can WorkIndex help with this?
Yes. Post the facts and documents; relevant experts can quote for filing, advisory, reconciliation, registration, appeal support or ongoing compliance.
Is this page final legal advice?
No. Use it to prepare. A professional should verify the active law year, notification, portal utility and records before filing or taking a tax position.
What should I mention while posting?
Mention the year, state, form, deadline, amount involved, documents available, portal status and whether you need filing, correction, advisory or representation.