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Should I mention about Fidelity account in ITR for FY 2017 to2018
11-Jul-2023 (In Tax Law)
I was Granted RSU in July 2017 and my Fidelity account was opened by employer but these RSU were not vested in FY2017-18. These will vest in Jul 2018. Should I mention about Fidelity account in ITR for FY 2017-18 and which ITR to file ?
Since your income becomes accrued in July 2018 then it falls for AY 18-19 and you need to mention the same while filing ITR for AY 18-19. Since you are salaried you shall file your return in ITR-4 which shall be notified by CBDT in due course of time for AY 18-19
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Adv. Ashish Agarwal
Lucknow | 100+ Answers
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Dear Sir,
You Mention Your Fidelity Account In Your Fy 2017 To 2018 ITR No Issue That It Is Open By Your Employer But Issue Is That Open From YOur Kyc Like Pan Card Adhar Card So Its Mandate to mention in your itr . for further discussion you can contact me.
Thankyou
You Mention Your Fidelity Account In Your Fy 2017 To 2018 ITR No Issue That It Is Open By Your Employer But Issue Is That Open From YOur Kyc Like Pan Card Adhar Card So Its Mandate to mention in your itr . for further discussion you can contact me.
Thankyou
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Adv. Himanshu Singhal
Hapur | 25+ Answers
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RSUs will give you an interest in company stock but will have no tangible value until vesting is complete. The restricted stock units are assigned a fair market value when they vest. Upon vesting, they are considered income, and a portion of the shares are withheld to pay income taxes. Therefore you are not required to disclose the same in your returns for FY 2017-18.
Now coming to your next question about which return to file it depends upon the nature of your job and your salary. Until and unless you tell me about that I cannot comment on the same. But mostly you will have to file ITR 4
Now coming to your next question about which return to file it depends upon the nature of your job and your salary. Until and unless you tell me about that I cannot comment on the same. But mostly you will have to file ITR 4
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Adv. Tanmay Sadh
Allahabad | 25+ Answers
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