Best App to Track US RSUs from India (2026)

Updated 2026-06-12 · 14 min read

A neutral, India-specific comparison of apps that help Indian residents track US RSUs - Carta, Schwab, E*TRADE, Fidelity, INDmoney, Qubera. Focused on Section 17(2) perquisite, Schedule FA, FMV at vest, and DTAA Form 67.

# Best App to Track US RSUs from India (2026)

TL;DR: No single app handles the full chain. **Schwab, E\TRADE, Fidelity, and Morgan Stanley Shareworks show what your US broker holds. Vested and INDmoney handle foreign equity trading. Qubera* is the only India-native app that converts vest FMV to INR, computes the Section 17(2) perquisite, builds the Schedule FA disclosure list, and tracks cost basis across multiple vests on a FIFO chain. The CA still files. The US broker still executes. Qubera fills the planning gap in between.

Quick answer

Best US broker (execution layer): Schwab Equity Awards or E\*TRADE Stock Plan, depending on what your employer uses.
Best Indian foreign equity broker: INDmoney or Vested - if you want to also buy US stocks beyond the RSU grants.
Best India tax planning over the vest schedule: Qubera (Section 17(2), Schedule FA, FMV-in-INR per vest, Form 67 reminder).
Best for CA collaboration: Qubera (clean export) or ClearTax (filing layer, weaker on RSU specifics).
Best for pre-IPO equity tracking: Carta - mostly US private companies, less relevant if you only have public-company grants.

Who this guide is for

You work at an MNC or a US-listed startup with India operations. Your grant is in NYSE-listed or NASDAQ-listed shares. You vest quarterly. Your employer withholds Indian tax at the perquisite leg by selling a portion of the shares ("sell-to-cover"). You still have to file Schedule FA every year, track FMV-in-INR for each vest tranche, decide when to sell, and claim Form 67 credit if the US withheld any tax.

If you have three to five years of vests stacked up and you are still doing this in a Google Sheet, you are accumulating tax risk. The numbers are not hard. The number of moving pieces is hard.

How we evaluated

Six criteria, in order of importance for the India-resident RSU holder:

India tax math. Does the app convert FMV at vest to INR using the right rate (SBI TT buying), compute Section 17(2) perquisite value, build the cost-basis FIFO chain, and split STCG/LTCG correctly (24 months for foreign shares)?
Schedule FA support. Does it list every disclosable lot, by calendar year, with the right currency and country code?
Broker integration. Can it read Schwab, E\*TRADE, Fidelity, Shareworks - via API, OFX, or at least CSV upload?
Multi-vest tracking. Does it stack vests across years, grants, and ESPP correctly?
DTAA Form 67 support. Does it calculate the foreign tax credit limit and remind you of the pre-ITR deadline?
India ICP. Is this built for an Indian resident filing in India, or is it a US tool re-skinned?

The seven apps we tested

Qubera - best India-native RSU planning app

Qubera is built for the Indian young earner, including the large cohort at US-parent MNCs. The RSU module reads CSV exports from Schwab Equity Awards, E\*TRADE Stock Plan, Fidelity NetBenefits, and Shareworks. It also reads the vest confirmation emails when forwarded.

For each vest tranche, Qubera captures the FMV (auto-fetched from the US exchange close), converts to INR at the SBI TT buying rate on the vest date, computes the perquisite value under Section 17(2), and stores the per-tranche cost basis. On the sale leg, it builds the FIFO chain, classifies STCG vs LTCG using the 24-month rule for foreign shares, and shows the gain in INR.

At filing time, Qubera builds the Schedule FA list grouped by calendar year, currency, and country code, and surfaces the Form 67 number for any US tax withheld. The output is an export you hand to your CA.

Strengths: only app that does the full Indian tax chain end-to-end; native to the HENRY India audience; free. Weaknesses: does not place trades; does not file ITR; broker integration is read-only. Pricing: free to start. No subscription required for core RSU tracking in 2026. India fit: native.

Charles Schwab Equity Awards - the US broker layer for many MNCs

If your employer uses Schwab, this is where the shares custody. Schwab Equity Awards shows vest history, sell-to-cover lots, and 1099-B equivalents. It does not compute Indian tax positions and does not generate Schedule FA. From India you can log in, view holdings, sell, and download CSV exports.

Strengths: execution layer; reliable; clean CSV export. Weaknesses: zero India tax intelligence; does not know what FMV-in-INR means. Pricing: free (employer-paid). India fit: view-only access works; no tax features for India.

E\*TRADE Stock Plan - the alternative US broker layer

Used by another large set of US employers. Same shape as Schwab - vest history, sell-to-cover, CSV. Slightly cleaner UI for non-US users. Same limitation on Indian tax.

Strengths: execution layer; UI is good. Weaknesses: same as Schwab on India tax. Pricing: free (employer-paid). India fit: view-only; no tax features.

Fidelity NetBenefits - the third common US broker

Used by Microsoft, Amazon, and others. Similar capability surface. Plays well with the company-side benefits page (401(k), ESPP, RSU all in one login). For India residents the 401(k) leg is irrelevant.

Strengths: execution layer; cleaner ESPP UI than peers. Weaknesses: same as Schwab on India tax. Pricing: free (employer-paid). India fit: view-only; no tax features.

Morgan Stanley Shareworks - common for tech IPO post-lock-up grants

If your employer recently went public via Morgan Stanley, your post-IPO grants likely sit here. Functionally similar to Schwab/E\*TRADE.

Strengths: execution layer; pre-IPO to post-IPO transition is smooth if the employer goes public via MS. Weaknesses: same as Schwab on India tax. Pricing: free (employer-paid). India fit: view-only; no tax features.

INDmoney - Indian foreign equity broker, plus tracking

INDmoney lets Indian residents buy US-listed stocks under the LRS (Liberalised Remittance Scheme) up to $250K per year. It also tracks holdings if you import them from Schwab or E\*TRADE. The tax view is India-oriented at the surface level - it shows STCG/LTCG estimates - but does not handle Section 17(2) perquisite or Schedule FA disclosure for vested RSUs.

Strengths: can also be your foreign equity buy-side broker; good for LRS tracking. Weaknesses: RSU perquisite leg is not native; Schedule FA is not auto-generated; FMV-at-vest conversion is approximate. Pricing: free for tracking; brokerage on LRS trades. India fit: native.

Vested - LRS-only US investing app

Vested is purpose-built for Indian residents who want to buy US stocks. It does not handle employer-granted RSUs as a primary use case. Good for the discretionary side of your US equity exposure; not the right tool for RSU tax tracking.

Strengths: clean LRS execution; fractional shares. Weaknesses: does not compute Indian RSU tax; not built for vest tracking. Pricing: free account; small fees on trades. India fit: native.

Comparison table

App	Section 17(2) FMV-in-INR	Schedule FA export	FIFO cost basis across vests	DTAA Form 67 prompt	Reads Schwab/E\*TRADE	Files ITR	India-native
Qubera	Yes, SBI TT rate per vest	Yes, by calendar year	Yes, automated	Yes, surfaces limit	Yes (CSV upload + email)	No	Yes
Schwab Equity Awards	No	No	US-side only	No	Native broker	No	No
E\*TRADE Stock Plan	No	No	US-side only	No	Native broker	No	No
Fidelity NetBenefits	No	No	US-side only	No	Native broker	No	No
Shareworks	No	No	US-side only	No	Native broker	No	No
INDmoney	Approximate	Partial	Partial	No	Partial sync	No	Yes
Vested	No	No	No	No	No	No	Yes

How Qubera handles each Indian tax leg

At vest (perquisite under Section 17(2)). Qubera pulls the closing FMV on the vest date from the US exchange (NYSE/NASDAQ), converts to INR at the SBI TT buying rate published that morning, multiplies by the number of vested shares, and stores the value as a perquisite line item. The Form 16 from your employer should match this number; Qubera flags discrepancies before you file.

At sale (capital gains). When you sell, Qubera pairs the sale lot against the oldest unsold tranche (FIFO is the default Indian treatment in absence of specific identification). It applies the 24-month rule for foreign shares to split STCG (slab rate) from LTCG (12.5 percent, no indexation for foreign shares post Budget 2024). The output is an itemised capital gains list grouped by tranche.

At filing time (Schedule FA). Every vested-but-held lot, every partially sold lot, the Schwab/E\*TRADE/Fidelity settlement account, and any ESPP holding gets a Schedule FA row. Qubera groups them by calendar year (the FA disclosure unit) and supplies the country code, currency, peak value, closing value, and acquisition cost.

For Form 67 (DTAA credit). If the US withheld federal or state tax on your vest - usually only if you were on a US assignment during vesting - Qubera reads the 1042-S form and computes the credit limit. You still file Form 67 manually on the income tax portal before your ITR due date.

When NOT to use Qubera

You have a single RSU grant, one vest left, and you will sell it all immediately. The spreadsheet is fine.
You file in the US, not India. Qubera is India-only.
You want the app to execute the sale. Use the US broker for execution.
You want to file the ITR end-to-end without a CA. Use ClearTax or Quicko for filing; Qubera is the planning layer that feeds them.

The pragmatic 2026 stack

US broker (Schwab / E\*TRADE / Fidelity / Shareworks) for custody and execution.
Qubera for India tax math, multi-vest FIFO, Schedule FA, and Form 67 reminder.
CA + ClearTax/Quicko for the actual ITR filing.
INDmoney or Vested for your discretionary US equity buys outside the RSU grant.

Frequently asked questions

What is the best app to track US RSUs from India in 2026?

There is no single app that does everything. Schwab, E*TRADE, and Fidelity show you what your US broker holds. Carta shows pre-IPO equity. INDmoney handles foreign-listed shares trading. None of them compute your Section 17(2) perquisite, fill Schedule FA, or convert FMV to INR at SBI TT buying rate. Qubera is the only India-native app that wraps the US broker feed, the Indian tax math, and Schedule FA reminders into the same surface, but it does not place trades. The pragmatic 2026 stack is your US broker for execution, Qubera for India tax planning, and a CA for the actual filing.

Can I link my Schwab or E*TRADE account from India?

Yes for read access. Schwab Equity Awards, E*TRADE Stock Plan, Fidelity NetBenefits, and Morgan Stanley Shareworks all let you log in from India and view holdings. They do not offer Indian PAN-linked tax reporting and do not generate Schedule FA or Form 67. Some Indian aggregators - INDmoney, Vested, and a few private banking apps - support automated read sync via OFX or screen-scrape. Qubera reads CSV exports from these brokers and the vest confirmation emails to compute the Indian tax leg.

How do I track RSU cost basis across multiple vests in different years?

Each vest tranche has its own FMV-in-INR at the vest date - that is the cost basis for the capital gains leg. You sell shares on a FIFO basis (default in Indian tax) and the gain/loss is sale price in INR minus the FMV-in-INR for the oldest tranche still in your lot. Manual tracking in a spreadsheet works for two or three vests but becomes painful at 8-12 quarterly vests per year over multiple grants. Apps that support this - Qubera, Cube Wealth, some Scripbox tiers - compute the FIFO chain automatically.

Do I need to disclose unvested US RSUs on Schedule FA?

No. Schedule FA discloses foreign assets you hold. Unvested RSUs are a contractual right to receive shares in the future, not a current asset. They are not disclosed. Vested-but-unsold RSUs, vested-and-partially-sold lots, ESPP holdings, and any foreign bank account - including the Schwab/E*TRADE settlement account - all need disclosure. Disclosure is by calendar year, not financial year.

What happens if I forget to file Schedule FA?

The Black Money (Undisclosed Foreign Income and Assets) Act 2015 imposes a penalty of ₹10 lakh per year of non-disclosure, even if the asset value is zero. This is separate from the income tax on the perquisite or capital gains and applies even if you have already paid all your Indian tax. Many high earners miss this because the perquisite leg is withheld at vest and they assume they are done. They are not done until Schedule FA is filed.

Is Qubera a substitute for my CA or US broker?

No. Qubera does not file your ITR, does not generate Form 16, does not place trades, and does not custody shares. It reads your linked accounts and statement uploads, computes the Indian tax positions, flags Schedule FA at filing time, and helps you decide when to sell. The US broker remains the execution layer. The CA remains the filing layer. Qubera is the planning layer that sits between them.

Does Qubera handle ESPP differently from RSUs?

Yes. ESPP has a 15 percent discount as the perquisite under Section 17(2), and the cost basis for capital gains is the discounted purchase price plus the perquisite already taxed. Qubera distinguishes ESPP from RSU at the vest/purchase event and computes both legs separately. The Schedule FA treatment is identical - both are foreign equity disclosures.

Can I claim foreign tax credit on US-withheld tax via Qubera?

Qubera surfaces the Form 67 reminder and the DTAA limit calculation - the smaller of the foreign tax paid or the Indian tax on the same income. The actual Form 67 filing is done on the Income Tax Department portal before the ITR due date. Qubera does not file it for you, but it tells you the number, the deadline, and the supporting documents needed.

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