The sutra that ties your gains, taxes and filings into one truth.
Purpose-built for Indian tax professionals handling US RSUs — capital gains, dividend income, Schedule FA A2/A3 disclosure and Form 67 foreign tax credit, computed directly from broker PDFs.
One specific problem, solved completely.
GainSutra automates RSU tax computation for Indian residents — capital gains, dividend income, Schedule FA A2/A3 disclosure and Form 67 foreign tax credit — directly from broker PDFs. It handles one specific problem: the gap between what US brokers report and what Indian tax law requires. Nothing more, nothing less.
SBI TT buy rate per Rule 115, Income Tax Rules 1962 — the last working day of the month preceding the transaction.
Schedule FA runs on the calendar year, not the financial year. Peak and closing balance required in INR at the year-end SBI rate.
Why RSU compliance is harder than it looks.
The challenge is not complexity — it is specificity. Indian tax law has precise requirements for each step of the RSU lifecycle, and each maps to a data point most broker statements do not deliver in the right format, currency, or date reference.
Perquisite, then cost basis
At vest, the Fair Market Value is perquisite income under Section 17(2), taxed as salary. For capital gains on a later sale, that same FMV is the cost of acquisition — converted to INR at the SBI TT Buy Rate under Rule 115: the last working day of the month preceding the vest month. Not the vest date.
Counted from the vest date
LTCG eligibility starts from the date of acquisition — the vest date, not the grant date. For listed foreign equity the threshold is 24 months. Post Finance Act 2024, LTCG is 12.5% without indexation under Section 112A; short-term gains at slab rate. Each vest carries its own cost basis, rate and holding period.
Form 67, before the ITR
Where US tax is withheld on RSU dividends — typically 25% under the India-US DTAA — residents claim Foreign Tax Credit under Section 90 via Form 67. It must be filed before the ITR, and requires income and foreign tax in INR, the DTAA article, and the credit rate.
A different calendar entirely
Schedule FA runs 1 January to 31 December. A2 needs each account's country, institution, number, peak and closing balance and gross interest — in currency and INR. A3 needs per-holding acquisition date, quantity, initial, peak and closing value in INR. Peak value must be computed from daily price data — the step most often missed.
Every SBI TT rate, since 2001.
The income tax department requires month-end SBI TT buy rates under Rule 115. GainSutra indexes these from 2001 to present, across six currencies — auto-matched to every transaction date in your broker statement. No lookup, no manual entry.
Built for one filing season — and every one after.
Every capability needed to file foreign-asset taxes correctly, built into one workflow. A CA handling multiple RSU clients gets the same structured output for each — without rebuilding the computation from scratch.
Capital Gains
Lot-level matching per vest event. Holding period auto-classified from vest date. LTCG / STCG split per ITR-2 Schedule CG. SBI TT rate applied at the Rule 115 preceding month-end.
Dividend Income
Per-payment SBI TT rate matching. Withholding tax credits under applicable DTAA. Per-row rate override for exceptional cases.
Schedule FA
A2 for custodial accounts — peak balance, closing balance, gross interest in foreign currency and INR. A3 for foreign equity — per-holding initial, peak and closing values. Calendar-year boundary respected throughout.
SBI TT Rate Book
24 years of month-end rates across USD, EUR, GBP, AUD, DKK and SGD — indexed and auto-applied. Per-row manual override available when a specific rate needs to be verified against official SBI records.
PDF & CSV Import
Native parsers for Fidelity NetBenefits, Morgan Stanley E*TRADE, Morgan Stanley At Work, Charles Schwab, Computershare and EquatePlus. Each parser handles that broker's specific PDF structure independently.
Form 67 — FTC
Foreign tax credit rows for dividend withholding. Income and tax amounts converted to INR. DTAA article reference included. Form 67 must be filed before the ITR — this data is ready when you are.
ITR-Ready Export
Excel workings for the CA's records. Client-facing PDF summary covering capital gains, dividend income, Schedule FA and Form 67 in one document. Formatted for direct reference during ITR filing.
Audit Trail
Every computed value references the broker statement line it came from, the SBI TT rate applied, and the Rule 115 date used. The computation is traceable end to end — not a black box.
See it work on a real statement.
Upload a broker PDF and watch the ledger build itself — capital gains, Schedule FA and Form 67, computed to the statute.
Your data never leaves your device