Dear Experts,

One of my clients has recently incorporated a company in the UK and has offered me a full-time role as CTO. As part of the arrangement, I will be receiving :

15% equity stake upfront at no cost
Additional 10% equity over the next 3 years (vesting monthly, i.e., ~1% every quarter)

The purpose of this structure is to retain me and leverage my expertise and name.

Currently, there is no investment required from my side. The plan is that once we build a prototype, the company will look to raise funds.

I have the following queries:

Income Tax:
How do I disclose this in my Indian income tax return since I am receiving equity in a foreign company at no cost?

Will this be taxed as perquisite income (similar to ESOP) or only when I sell the shares?

Is there any requirement to declare it under the Schedule FA (Foreign Assets) of the ITR?

FEMA Compliance:

What FEMA rules apply when an Indian resident is allotted shares in a UK private limited company without consideration?

Do I need to file any intimation with RBI under LRS or any other FEMA regulation?

Future Funding:

Once the company raises funds abroad, will there be any additional compliance for me in India as a shareholder?

I want to ensure 100% compliance with both Income Tax and FEMA regulations from the beginning. Request guidance from the community on the correct approach.

Thanks in advance for your valuable inputs.

Hi,

If an Resident Individual having Self Occupied House Property, purchases an Under Construction House Property.....

Is under construction house property required to be reported under Income from House Property.

Sir we are filling itr ay 2024-25 u/s 139(8a) excess tax paid Rs 1000 against liability(interest) of Rs 990 and Rs 10 as refund
now itr is not filled due to refund whereas we don't want to claim any refund

please help to resolve issue
regrads
vikas

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OR no need to show in itr???
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regards
Vikas

Sir,

We are manufacturing of Tyre Remoulding products i.e Precured Tread Rubber etc. while producing the Precured Tread Rubber (Finished Goods) 3% to 5% of Crumb Rubber & Rubber Flash generated from finished goods.
we are using crumb rubber generated from above process to further process of semi finished goods i.e Master compound of Precured Tread Rubber .

presently we are showing only finished goods entry in tally erp i.e Precured Tread Rubber.

Please guide us how can i show this above process and whether its effect to GST ?

Thanks & Regards
SANJAY