US Stocks & ETFs on Kite: Beta is live

[tejanmehndiratta]

Sorry.

I didn’t know.

[Abhijit]

• Schedule FA (Foreign Assets): Disclose all US stocks, ETFs, and uninvested cash held in your Global wallet. Schedule FA operates strictly on the calendar year (1 January to 31 December). For example, while filing returns for Financial Year 2025–26, you must declare assets held between 1 January 2025 and 31 December 2025.

It says report uninvested cash but what if I just enable it but do not add any money to the account? I don’t need to report anything in the Schedule FA, right? as my uninvested balance for the year is 0.

[BB789]

You still need to report:

@Quicko

As per the Income tax act, if a resident and ordinarily resident (ROR) customer’s Global account stayed open at any time during the calendar year, it should be reported in Table A2 of Schedule FA, even with a nil balance.
Reason: Table A2 covers custodial accounts held at any time during the calendar year. It asks for the opening date, peak balance and closing balance, and nil is a valid entry.
Also, Section 43 of the Black Money Act, 2015 carries penalty of ₹10 lakh. There is an exemption where total foreign assets (excluding immovable property) do not exceed ₹20 lakh, so a nil account alone is unlikely to attract it. The duty to report still remains.

Thanks

[siva]

@My_Mibox

Can you please provide alist of tradable securities as of today by excel or post on your website

Will do in coming days.