Hold money or shares outside India, through Wise, Payoneer, a foreign bank or ESOPs? Answer a few questions to see whether they go in Schedule FA of your tax return, the period it covers, the ITR form, and where the Black Money Act penalty stands.
Who this is for
Residents of India with a Wise or Payoneer balance, a foreign bank or brokerage account, or ESOP or RSU shares abroad.
What the free answer tells you
Whether you must report, the period and ITR form, your filing dates, and whether the ₹10 lakh Black Money Act penalty can apply.
See an example, the time it takes and what comes after
Example
A resident freelancer with a Payoneer USD balance that peaked at ₹6 lakh in 2025 and no return filed yet: report it in Schedule FA of ITR-3 for 1 January to 31 December 2025, file by 31 December 2026. At ₹20 lakh or less, with no property abroad, the Black Money Act penalty does not apply.
What you can get after
A catch-up filing prep pack with your foreign accounts set out for Schedule FA and AIS and 26AS reconciled. Coming soon.
How long it takes
About a minute.
What happens next
File or revise with Schedule FA filled in, or declare under the disclosure scheme before 31 December 2026. Nothing you enter is stored.
What did you hold at any time in the year? Tick all that apply.If the platform converts every payment to rupees and sends it to your Indian bank the same day, with nothing left in a foreign account, leave it unticked.
BuildWright does documentation, filing and compliance facilitation. This tool works from the rules cited on this page and does not give legal advice. We prepare fileable working papers and can file the return with you.
Foreign balances you never reported? We prepare the Schedule FA working sheet and the catch-up papers.