Schedule FA Calculator and Section 43 Risk Screen
Review Schedule FA expectations and the limited Section 43 penalty exception. Residential status must be determined independently before using this calculator-style screen.
Before using the Schedule FA calculator
Start with Indian residential status, then classify each foreign account, security, retirement arrangement or property separately. This screen is a planning aid; the current return utility and official instructions control the final filing position.
Schedule FA and Section 43 screen
Uses your independently determined residential status and preserves the immovable-property exclusion from the ₹20 lakh penalty exception.
Screening result
HIGH attentionSchedule FA expected?
Yes — review all applicable tables
Penalty screen
Section 43 of the Black Money Act specifies a ₹10 lakh penalty for failure to furnish or inaccurate foreign-asset information, subject to the statutory conditions and the limited non-immovable-asset exception.
Obtain return-preparation advice and correct the disclosure promptly. This screen does not determine tax, prosecution exposure or eligibility for any disclosure scheme.
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