A. Gains from overseas stocks sale (long term: more than 1 year holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and sell) = 1,00,000
C. Difference in vesting day price and allotment price for options in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000 J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to minimize tax implications? Can overseas stock options gains be offset against domestic market speculative losses? Can overseas speculative losses be offset against salary or interest income?
A. Gains from overseas stocks sale (long term: more than 1 year holding) = 1,00,000
B. Capital Gains from overseas stock options (Same day purchase and sell) = 1,00,000
C. Difference in vesting day price and allotment price for options in B above = 1,00,000
D. FBT paid on the stock options to the employer = 33,900
E. Total profit in overseas stock options (B + C - D) = 1,66,100
F. Speculative gains (losses) in overseas market (Futures and options) = (1,50,000)
Trades with STT:
G. Short term gains (losses) in domestic exchange = 50,000
H. Speculative gains (losses) in domestic exchange (Futures and options) = (3,00,000)
Other income:
I. Income from bank deposits = 50,000 J. Salary income = 5,00,000
Queries:
What is the best way to offset the above losses with gains to minimize tax implications? Can overseas stock options gains be offset against domestic market speculative losses? Can overseas speculative losses be offset against salary or interest income?
CAclubindia
