Foreign Assets · Schedule FA · ITR AY 2026-27

Schedule FA Assistant

Use this guided wizard to classify your foreign asset, fill the exact Schedule FA fields, and get a ready-to-copy row for your ITR utility. Built for Indian residents and RNORs who need a clean disclosure workflow for AY 2026-27.

Reviewed by Harun Raaj, CA — ICAI Membership No. 238303 · Firm Reg. 19027S · Updated July 2026

Penalty reminder

Non-disclosure: ₹10 lakh per asset + prosecution under the Black Money Act. Finance Act 2024 raised exemption threshold to ₹20 lakh aggregate for non-immovable-property assets.

Schedule FA covers the CALENDAR YEAR 1 Jan 2025 – 31 Dec 2025, not FY 2025-26. All values must be in ₹ INR.

Completed entries

No entries yet. Select an asset type below to start.

Step 1

Choose the foreign asset type

Pick the sub-schedule that matches what you need to disclose. You can add more entries after each submission.

Foreign Bank / Depository Account

Savings, current, or fixed deposit accounts held in a foreign bank or financial institution.

Foreign Custodial / Brokerage Account

Accounts held with foreign brokers or custodians (for example Vested, Stockal, Interactive Brokers, or Schwab).

Foreign Equity or Debt Interest

Shares, bonds, ESOPs, RSUs, or any equity or debt interest in a foreign company or entity.

Foreign Life Insurance or Annuity Contract

Cash-value insurance policies or annuity contracts issued by a foreign insurer.

Financial Interest in Foreign Entity

Partnership, LLC, sole proprietorship, or other financial interest in any foreign entity not covered in A1 to A4.

Foreign Immovable Property

Land, house, apartment, or any immovable property outside India.

Other Foreign Capital Asset

Any other capital asset outside India not covered above, for example artwork, cryptocurrency held on a foreign exchange, or precious metals.

Signing Authority in Foreign Account

Accounts outside India where you have signing authority but are not the owner, and are not already reported in A1 to D.

Foreign Trust

Trusts created under laws of a country outside India where you are trustee, beneficiary, or settlor.

Other Foreign Income

Any other income from outside India not already covered in A1 to F, for example foreign freelance income or foreign rental not in a property you own.

Why this matters

Notification-based structure

The Schedule FA fields are organised around the official sub-schedules referenced in Notification No. 46/2026 for AY 2026-27.

Copy-ready output

Each submission produces a formatted row with labels matching the ITR utility so the disclosure can be pasted into the return workflow quickly.

Client-side only

The tool runs fully in your browser. No foreign asset data is sent to a server.

Frequently Asked Questions

Who needs to file Schedule FA?+

Any resident taxpayer who holds foreign assets or has signing authority in a foreign account typically needs Schedule FA disclosure in their ITR. RNORs generally have a narrower disclosure requirement than RORs.

What foreign assets are usually disclosed?+

Common disclosures include foreign bank accounts, financial interests, equity in foreign entities, foreign immovable property, trusts, and signing authority in foreign accounts. Use the ITR utility fields to match the correct sub-schedule.

Which ITR forms contain Schedule FA?+

Schedule FA is typically reported in ITR-2 and ITR-3, depending on the taxpayer's income profile. It is not used in simpler return forms designed for straightforward resident income cases.

Does Schedule FA apply to RNOR?+

RNORs generally have limited foreign income exposure compared with RORs, but the precise disclosure requirement depends on the asset, the residency status, and the relevant ITR instructions for the year.

Why use a guided assistant for Schedule FA?+

The structure is easy to get wrong because the ITR utility uses multiple foreign-asset sub-schedules. A guided assistant reduces omissions and helps you produce copy-ready disclosures faster.