Capital gain
This query is : Resolved
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
11 April 2016
Taxability depends on residential status of assessee. If he is resident then then it entire world income will be taxable.
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