Schedule FA ReporterFY 2026-27
Compliance check for Indian residents/RNORs to disclose foreign assets and income.
Quick Summary: Schedule FA Reporter
In FY 2026-27, Schedule FA is mandatory for Indian Residents and RNORs to disclose global assets. Failure to report foreign bank accounts or shares can attract a ₹10 Lakh penalty under the Black Money Act. Pure NRIs are generally exempt.
How to use the Schedule FA Reporter
- 1
Verify Residency
Confirm if you are a Resident or RNOR for the current financial year.
- 2
List Foreign Assets
Identify all foreign bank accounts, equity, life insurance, and property held abroad.
- 3
Enter Peak Balance
Input the highest balance/value reached in each account during the foreign tax year.
- 4
Check Reporting Deadlines
Verify the ITR deadline to ensure timely disclosure in Schedule FA.
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Regulatory Disclaimer · FY 2026-27
Last verified May 2026
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