Capital gain
This query is : Resolved
c venkata subramanian
(Querist)
31 March 2016
Dear All,
There is a sale of esop from a foreign company, the shares held by the assessee is being transacted in foreign currency but received the sale consideration in Indian Rupees, so my query is that
1. If the shares held by the assessee being listed in the home country,should it be treated as a taxable income or
2. The shares held by the assessee being transacted in foreign currency but the company having branch in India being listed in both BSE and NSE, the LTCG out of the sale consideration can it be considered as STT suffered and claim exemption for the LTCG?
Regards,
C. Venkata Subramanian
There is a sale of esop from a foreign company, the shares held by the assessee is being transacted in foreign currency but received the sale consideration in Indian Rupees, so my query is that
1. If the shares held by the assessee being listed in the home country,should it be treated as a taxable income or
2. The shares held by the assessee being transacted in foreign currency but the company having branch in India being listed in both BSE and NSE, the LTCG out of the sale consideration can it be considered as STT suffered and claim exemption for the LTCG?
Regards,
C. Venkata Subramanian
Saket Jain
(Expert)
11 April 2016
Taxability depends on residential status of assessee. If he is resident then then it entire world income will be taxable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Gst credit note by supplier
- Reward for festival
- 18% Rent a cab
- Missed uploading GST Invoice
- Movement of goods by packers and movers - type of sale - Reg.
- RCM and same line
- Accounting Treatment of Civil work to install PORTA Cabin for office use
- TDS Return Statement Status
- Closer of business and itc of capital goods
- Appointment of Auditor By Form ADT-1
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
