If shares are sold by an employee who acquired such shares under ESOP in a U.S. company, what is the tax treatment of such sale?
what is the rate to be applied?
3 Replies
harry
(Awaiting ca final results)
(461 Points)
Replied 15 July 2009
whether RBI OR SBI exchange rates to be applied ?
Amitabh
(Consultant)
(22 Points)
Replied 23 July 2009
If the individual is a resident and ordinarily resident, the gains arising from the sale of shares would be taxable in India as long or short term capital gains depending on the period for which they are held. Short term capital gains would be taxed at normal rates while long term capital gains would be taxed at special rates.
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