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Foreign stock sales: the records your calculation depends on
Acquisition dates, cost basis, sale proceeds and exchange-rate evidence all play a different role.
A defensible foreign-stock sale calculation needs the acquisition date, quantity, cost basis, trade date, proceeds, and the relevant currency-conversion evidence. Broker labels based on another country's tax rules may not match the Indian treatment.
Retain the lot-level statement whenever available. It allows the reviewer to connect the reported gain to the underlying transaction rather than relying on a summary total.
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Got US Stocks From Your Employer? Calculate Schedule FA Accurately
Convert foreign broker statements (Fidelity, Morgan Stanley, E*TRADE, Schwab) into clean, audit-ready tables for Indian ITR-2 disclosure.
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