Records to collect
- Peak and closing account statements
- Grant, vest and sale records for equity awards
- Account ownership and signing-authority evidence
- Foreign property acquisition documents
NRIs of the United States
Schedule FA for US RSUs, bank and retirement accounts
Schedule FA analysis starts with Indian residential status and the notified return instructions. US brokerage, vested equity awards, bank, signing-authority and retirement arrangements should be inventoried separately rather than collapsed into one balance.
Reviewed for Tax Year 2026-27 on 2026-08-25.
Screen Schedule FA exposureStart here
Three things to do before relying on an answer
1. Begin with your facts
Confirm ROR status before assuming Schedule FA applies
2. Keep the evidence ready
Peak and closing account statements • Grant, vest and sale records for equity awards
3. Treat this as a planning path
Use the workflow and official links to verify the rule, form and date that apply to you.
Planning workflow
- 1Confirm ROR status before assuming Schedule FA applies
- 2Classify each foreign asset under the return tables
- 3Apply the required valuation and period
- 4Reconcile foreign income with Schedule FSI and tax-credit records
NRIs of the United States
Local records and terms to keep visible
- IRS federal return and state-return differences
- 401(k), IRA and other eligible retirement-account records
- USD-to-INR conversion and foreign-tax-credit evidence
Official sources for United States
Open the primary sources and verify the provision, form, treaty article and effective date that apply to your facts.
More answers for NRIs of the United States
Questions to answer before you act
Schedule FA analysis starts with Indian residential status and the notified return instructions. US brokerage, vested equity awards, bank, signing-authority and retirement arrangements should be inventoried separately rather than collapsed into one balance.