what is ESPP Shares allotment how is it taxed in India

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Querist : Anonymous

Querist : Anonymous (Querist)

01 June 2011 my company is subsidiary of USA nasdaq listed company. the USA holding Company has given option for us to buy its shares of the USA Company at 15 % discount.
we purchased it in FY 2009-10 and sold them in FY 2010-11.
what is the tax liablity in the hand of employee. for the 15% discount received and for the capital gain arising from the sale of the shares .

CA MANOJ GUPTA

CA MANOJ GUPTA (Expert)
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01 June 2011 THE RECEIPT OF SHARES MAY BE TREATED AS PERQUISITE IN THAT CASE THE FMV OF SHARES WILL BE TAXED AS PERQUISITE
ON SALE SALE VALUE - FMV ALREADY TAXED AS PERQUISITE WILL BE TAXED AS CAPITAL GIAN

CA MANOJ GUPTA
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