If you've got foreign shares or any foreign assets, you need to declare them in your Income Tax Return (ITR) in India for AY 2026-2027 (FY 2025-2027). The ITR filing deadline for students, salaried employees, pensioners and others who don't need a tax audit is July 31, 2026. For Tax Year 2026-2027, the ITR filing due date is July 31, 2027.
Just a heads up, even if you are not making any money from your foreign assets, you still have to report them in your ITR. The tricky part is figuring out the exchange rate since these assets are in foreign currency and you need to convert them to INR for the Indian ITR. The answer is to use SBI's TTBR rate that you can find online.
The reason you should stick to SBI's TTBR rate is that the Income Tax Rules specifically require it. Plus, the exchange rates you see online can vary, which might lead to mistakes in your ITR reporting.
Check out the details below to learn more.
SBI TTBR rate and Schedule FA
While furnishing the ITR, any amount denominated in a foreign currency must be converted into Indian Rupees using the Telegraphic Transfer Buying Rate (TTBR) of the State Bank of India (SBI), as applicable on the relevant date.
The relevant date for conversion depends upon the nature of the amount being reported, as explained below:
|
Particulars
|
Exchange Rate
|
Relevant Date |
| Peak balance in a foreign bank account | TTBR | Date on which the peak balance occurred |
| Value of investment in a foreign asset | TTBR | Date of acquisition of the investment |
| Foreign-sourced income | TTBR | Closing date of the relevant calendar year (i.e., December 31, 2025 for AY 2026-27) |
Source: Taxmann research
The snapshot below shows SBI's TTBR rate as on July 9, 2026:
