06 July 2011
Certain Shares have been awarded and allotted by way of performance incentive from listed company based at London (U.K.). The same have been sold and proceeds received in pounds converted in to Indian Rs in FY 10-11. Assessee is a salaried employee (Resident). Shares were held more than 3 years before its sale.What is the tax implication? If taxable whether exemption u/s 54F etc. is available?
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