CrossLedger FY 2025–26
US–India Tax Reconciliation

US–India Brokerage
Tax Reconciliation

Reconstruct India FY and US calendar year brokerage activity from your uploaded documents. Identify foreign tax credits, draft Schedule FA, and estimate India capital gains exposure.

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Reconciliation Summary ● Complete
FTC Detection
eligible for Form 1116
$312.40
Schedule FA
for ITR filing
Draft ready
Capital Gains
FY 2024–25
₹3,13,100
India Tax Exposure
after DTAA credit
~₹52,300
FY 2024–25 · 14 transactions Download all →
01
Upload your documents
Provide your 1042-S, brokerage account summary, and realized gains/losses report. PDFs and CSVs accepted.
02
Automatic reconciliation
Transactions are mapped across India FY (Apr–Mar) and US calendar year, holdings classified, and withheld foreign tax identified.
03
Download outputs
Receive a Schedule FA draft, capital gains breakdown, FTC amounts, and estimated India tax exposure — ready to review with your CA.
1042-S
IRS form showing US-source income subject to withholding
Brokerage Account Summary
Annual activity statement from your US broker
Realized Gains/Losses Report
Transaction-level capital gains and losses
FTC Detection
Foreign Tax Credit amounts eligible for Form 1116 or Schedule A
Schedule FA Draft
Foreign asset disclosure prepared for Indian ITR filing
Capital Gains Reconstruction
India FY-aligned long / short-term breakdown
Estimated India Tax Exposure
Approximate liability under DTAA rules
Current scope — brokerage accounts only
Supported
US brokerage accounts
Equity & ETF transactions
Dividend income
Capital gains / losses
Not yet supported
Bank accounts
Payroll / RSU / ESPP
AIS / Form 26AS
Crypto & foreign equities