Filing ITR-2 with US stocks - stuck on a quoted vs unquoted technicality
Filling out Schedule CG and got stuck on this. Under A(I).5 there's two options - one for unquoted shares (needs FMV under 50CA/Rule 11UA) and one for everything else where you just use the actual sale value.
Technically NASDAQ isn't a "recognized stock exchange" under Indian law, so I guess that makes US shares unquoted by the letter of the rule? But it feels weird calling something unquoted when it's literally trading every day with a real price.
Gain amount doesn't change either way, I just don't know which box this is supposed to go in. Anyone dealt with this or know how CAs usually treat it?