Overview
Multinational companies increasingly offer RSUs (Restricted Stock Units), ESOPs (Employee Stock Option Plans), and ESPPs (Employee Stock Purchase Plans) to Indian employees. All foreign shares received under these schemes are treated as Unlisted Securities for Indian capital gains tax purposes. The G&L (Gain & Loss) statement from your broker — E-Trade, Fidelity, Charles Schwab, Morgan Stanley, or Equate Plus — contains all the information you need.
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All treated as unlisted
RSU/ESOP/ESPP shares held in foreign accounts are classified as unlisted securities.
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Currency conversion required
Convert USD/EUR amounts to INR using SBI TT Buying Rate as on the last day of the preceding month of transfer.
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FEMA compliance
Foreign asset disclosure in Schedule FA of ITR is mandatory.
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EZTax template available
Use the Universal Capital Gains Template for manual entry if your broker is not integrated.
3-Step Upload Process
1
Download the EZTax Capital Gains Template
Go to EZTax › Income › Capital Gains Income screen. Download the Universal Capital Gains Template. Alternatively, click Manual Entry (RSU/ESOP/ESPP) to enter data field by field.
2
Fill in G&L Data
Open the EZTax Excel template. From your broker's G&L Statement, copy: Date Sold, Date Acquired, Quantity, Gross Proceeds, Adjusted Cost Basis, and Gain/Loss. Convert all USD/EUR values to INR using the SBI Telegraphic Transfer (TT) Buying Rate.
3
Upload and Review Summary
Go to EZTax › Income › Capital Gains Income screen, click Browse, upload the completed file. Review the transaction summary and click Save.
Important: USD/EUR to INR conversion must use the SBI Telegraphic Transfer (TT) Buying Rate as on the last day of the calendar month preceding the month of transfer (not the transaction date).
E-Trade — G&L Statement Download
1
Log in to https://us.etrade.com with your User ID and Password.
2
Go to Accounts → At Work → Tax Information.
3
Select Gains & Losses from the menu.
4
Set a custom date range (e.g., 01 April 2024 to 31 March 2025) and click Apply.
5
Click Download → select Expanded format.
To download Form 1042-S: Accounts → Documents → Tax Documents → select year → 1042-S.
Fidelity — G&L Statement Download
1
Log in to https://nb.fidelity.com/static/mybenefits/
2
Go to Statements and Records.
3
For sale & dividend transactions: click Custom Transaction Summary, enter the date range, click View Transactions → Download PDF.
4
For Form 1042-S: click Tax Forms, select the year, download.
5
For foreign asset disclosure: click Stock Plan Account → View Positions → Account Details → View Share Details → Export (CSV).
Morgan Stanley — Account Statement Download
1
Go to https://atwork.morganstanley.com and log in.
2
Click Activity → Reports.
3
Set Start and End dates. Select: Share Purchase and Holdings, Stock Options and Awards.
4
Click View as PDF → Account Summary Type: Full → Submit.
5
For Activity Report: Activity → Past Events → click each transaction → Save as PDF.
Charles Schwab — Account Statement Download
1
Log in to https://client.schwab.com/Login/SignOn/
2
Go to Accounts → select your account.
3
Click Documents → Statements → select Account Statement.
4
Choose the date range (full financial year) and download as PDF.
Key fields: Transaction Date (Sale Date), Purchase/Vest Date, Shares, Sale Price, Gross Proceeds, Acquisition FMV.
Equate Plus — Transaction Statement Download
1
Log in to https://www.equateplus.com/ with your credentials.
2
Go to Library (Transactions & Records) → click Transactions.
3
Select the required year and click the Export icon (downloads as Excel).
4
For Form 1042-S: Library → Documents → Tax Statement → All categories → select year → click 1042-S.
Equate Plus amounts are in Euros — convert to INR using SBI TT Buying Rate.
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