Table A2 vs Table A3 in Schedule FA
People holding US shares usually need both tables. Table A2 describes the account; Table A3 describes the shares inside it.
Table A2: the account
Table A2 covers foreign custodial accounts: the brokerage or stock plan account that holds your shares. Most people with one employer plan fill one row.
- Country (United States, code 2), the institution's name and address and ZIP code, and the account number.
- Your status (usually owner) and the account opening date.
- Peak balance during the calendar year and the closing balance on 31 December, in rupees at the SBI TT buying rate on those dates.
- Gross amount paid or credited to the account during the year, by nature: dividends, interest, or proceeds from sales.
Use the institution named on your Form 1042-S, which is not always the brand on the website.
Table A3: the shares
Table A3 covers foreign equity and debt interest: the shares themselves. Each row is one holding, and the clearest approach is one row per lot (each vest or purchase).
- Country, the company's name, address and ZIP code, and nature of entity (company).
- Date of acquiring the interest: the vest or purchase date.
- Initial value, peak value during the year, closing balance on 31 December.
- Gross amount credited (dividends on that lot) and gross proceeds from sale during the year.
Common mistakes
- Filling only one table. Shares in a brokerage account usually need both: A2 for the account and A3 for the shares.
- Leaving out sold lots. A lot held for any part of the year needs an A3 row, with a closing balance of zero.
- Using the financial year. Both tables use the calendar year: 1 January to 31 December.
- Mixing exchange rates. Both tables use the SBI TT buying rate on the date of each value; see which exchange rate to use.
FA Ready fills both tables from your broker files and gives you a Table A3 file you can upload straight to the e-filing portal.