Schedule FA issue , offline filing attempt - Dead end

Taxation
1

Hello

I have been a paid user of Quicko for quite a few years now. I like the site because of the simplicity. However, I find that its not keeping up with the changes in tax rules.

In my case I was trying to file ITR 3 as I had some foreign assets in addition to normal share market CG and trading income. However, the Schedule FA implementation of Quicko is incomplete. It doesnt ask for details like address of the foreign entity which ITD site has marked as mandatory.

On talking to customer care I was advised to download the json once I paid the fees here , upload the same to ITD and just add the missing details.

However, when I try to upload the json to ITD site , I get an error. Can some one help me out ?

Infact, why cant Quicko team put in the text fields like address etc of Schedule FA in the site and save this botheration to all

1 Like
2

Which broker are you using to invest there? Usually these brokers provide an excel file which has all the data. Try converting that to json.

3

I am using Zerodha

4

You said that you have foreign assets and now you have said that you are using Zerodha to invest there. AFAIK Zerodha does not allow investment in the foreign market and Schedule FA is for foreign assets only.

5

Ok The question got misunderstood.

I have been given shares by my company at reduced prices so it’s not like I am actively trading in foreign markets.
But I have to report them in Schedule FA. However Quicko FA part does not ask for details like name of firm, address zipcode

6

Only quicko can answer that part otherwise prepare a json manually and upload the same on the portal.

7

That preparing json is easier said than done. I had tried to upload the json of Quicko to ITD site and then just manually update the missing details. But the upload was failing

8

Thankfully Quicko rep called me up and explained that these fields are not as critical as financial fields so I just submitted as-is

I hope @Quicko puts in this functionality quickly.

1 Like
10

@Quicko I hope this issue has been sorted out now.

11

Hello @himanshupant We are incorporating this change and shall be available for customers by end of this week.

Thank you!

12

This is disappointing considering the issue was raised last year. Will you be informing once it’s done ?

13

@himanshupant Yes, for sure.

1 Like
14

Thanks. It was quite painful last year