16 July 2009
Dear Sir, I am an employee of a bank and was allotted 1200 shares from my bank as ESOP in july 2006.The vesting date was 26th July 2007.The company deducted/paid FBT in the year FY2007-08.I purchased 300 shares @Rs800 in Aug 2007.Then I purchased the balance 900 shares @Rs.800 in 5thJune 2008.I have sold all 1200 shares @Rs1100 in the market on which STT is applicable on 3rd March 2009.Do I attract STCG/LTCG.Pls clarify as I need to pay the tax if any and file my retuens before the 31st.Your early response will be appreciated.Thanks.
CAclubindia
