11 June 2010
Mr.x sold shares of xyz inc. which is traded on New york stock exchange. Mr.X is ordinarily resident in India. Is Mr.X liable to pay tax on capital gains if
1. shares were held for less than 1 year
2. shares were held for more than 1 year
3. Mr.X sold 'Options' instead of shares
4. Mr.X received such shares under ESOP from his company
11 June 2010
Thank you for the clarification. Is indexation benefit available on such transaction?i.e. can it be taxed at 20% after availing indexation benefit Or can it be taxed at 15% without indexation?
CAclubindia
