Hello,
My query is that if a person (indian resident) holds shares of Google Inc, USA (transactions: sale/purchase will be in USD only).
So how to calculate capital gain on this.
According to my knowledge, treatment is as below,
eg: Purchase price = USD 200
sale price = USD 250
Cap gain = USD 50 × Exchange rate as on date on sale(Suppose Rs. 60 per USD) = Rs. 3000
If we receive Rs. 3243 in bank account, I think to consider the balance i.e. Rs. 243 as forex gain. (can be loss too)
Please confirm whether I am right, or any other treatment should be there.
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Calculating Capital Gain on foreign shares
Replies (3)
Difficult to understand first, how you aquired it, If by any ligitimate way, then you can proceed as per your calculation; its almost OK
Sir,
It waa ESOP for working in Google India Pvt Ltd.
So I think as you said, my calculations should be ok.
It waa ESOP for working in Google India Pvt Ltd.
So I think as you said, my calculations should be ok.
Yes, but cost of aquisition can be in Rs. at the time of aquisition, and hence calculation may differ a bit. But as the amount is small, no much difference to worry.
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