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All NRIs

Schedule FA helper

Once you are ordinarily resident in India again, every asset you kept abroad goes on your return, every year.

Illustration of a Schedule FA table listing overseas accounts, investments and property

NRIWallah team

Updated November 2026 · 2 min read

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Who needs it

Schedule FA is the part of the Indian income tax return where a resident lists foreign assets. It applies once you are resident and ordinarily resident (ROR). It does not apply while you are non-resident or RNOR. For most people moving back, that gives a few years’ grace, and then a list that has to be filed every year for as long as anything is held abroad.

The list is wider than people expect. It covers bank accounts abroad, even dormant ones, broker and platform accounts, shares held directly (vested RSUs and ESPP shares included), life policies with a cash value, interests in foreign companies, property abroad and pensions. Every asset goes in, however small. Leaving one out can carry a heavy penalty under the Black Money Act, separate from any tax.

How the helper works

Choose the calendar year, then add each asset with its table, a short name, its currency, its highest value in the year and the day it peaked, its value on 31 December and any income it paid. The helper converts each figure to rupees at the rate for the day and totals them by table, which is how the return is laid out.

The return asks for SBI’s telegraphic transfer buying rate. That rate is not published as a dataset, so each value starts with a default and says which. For the pound, euro and dollar in the last twelve months, the default is the European Central Bank reference rate for the day, from the historical exchange rate tool. Otherwise it is today’s rate. Type SBI’s rate over the default where you have it.

Lists are kept by year. Next year, start from the same assets and update the values.

Income from these assets is also reported in the income schedules and may carry a foreign tax credit claimed on Form 67. Plan the timing of the move with the moving back to India guide and the RNOR tracker. While you are still abroad, the Indian income ledger does the same job in the other direction.

Reported in your return for , filed in , usually by 31 July.

Assets held abroad in

Values in the asset's own currency. A type and a short name is enough: leave out account and policy numbers.

In rupees, by table

TablePeak31 DecemberIncome
All assets

What this means

  • Schedule FA is for residents who are ordinarily resident (ROR). While you are RNOR or non-resident it is usually not needed; the RNOR tracker estimates when you become ROR.
  • Every foreign asset goes in, however small, even if it earned nothing. Income listed here is also reported in the matching income schedule.
  • A pension or retirement account abroad (a UK pension, a 401(k), superannuation) usually goes in table D.

Common questions

From the first year you are resident and ordinarily resident (ROR). Most people returning after many years abroad are RNOR for up to two or three years first, and an RNOR does not usually report foreign assets. The RNOR tracker estimates the year you become ROR.
Schedule FA uses the calendar year ending 31 December within the financial year, because most countries’ statements run that way. For the return for FY 2025-26, filed in 2026, you list assets held at any time from 1 January to 31 December 2025.
The State Bank of India’s telegraphic transfer buying rate on the relevant day: the day of the peak for the peak value, and 31 December for the closing value and income. SBI does not publish these as a downloadable series, so the helper fills in the European Central Bank reference rate or today’s rate as a default and marks it. Replace it with SBI’s rate where you can.
Yes, if you held it at any time in the calendar year. Schedule FA has no minimum. A closed account shows its peak and a closing balance of nil.
Shares you hold directly, including vested RSUs and ESPP shares in a broker account abroad, usually go in table A3, and the broker account itself in A2. A UK workplace or personal pension, a US 401(k) or IRA, or Australian superannuation usually goes in table D. Unvested RSUs are not yet assets you own.

Every rate and threshold here is sourced, dated and shown on the page — but tax rules change, and we would rather be told than be wrong. Reports go to the team that maintains the tool. If you can point at the official source, that gets it fixed fastest.

No account needed. We don't publish your email or add you to anything.

How we source and review these numbers is set out in our methodology.

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