tax treatment for resident Indian

This query is : Open

Querist : Anonymous

Querist : Anonymous (Querist)

15 March 2010 I am resident Indian and I work in Delhi. I bought some shares of my employer (listed in the US) in 2002. Sold the shares in 2009.
Am I taxable for the same? If yes, what is the tax rate on the gains?

CA Ashok Kumar Sahu

CA Ashok Kumar Sahu (Expert)
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15 March 2010 the nature of income is long term capital gain, tax rate is 10% without indexation otherwise 20%, and also check if he is also listed in India and STT had deducted in the same then no capital gain payable

Querist : Anonymous

Querist : Anonymous (Querist)

17 March 2010 What if the shares are not listed in India? What shall be the tax treatment in such a case?

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