16 July 2011
For example if i sell the shares allotted to me by my employer as joining bonus which is listed in the US and make a capital gain. Suppose i am a permanent resident of india and all my income is taxable in india.
As per the provisions the company (broker) has deducted some tax and is with the government. Based on the documents if i claim the refund / tax credit, how should i treat the income. Whether it will be treated as a transaction that has happened in India or as per the US tax laws.