Can someone explain how to report the ESPP shares of US listed company allotted to Indian employee. As per latest rule Foreign company shares must be reported. Since they are considered in salary and treated as perquisites, still do they need to be reported in ITR ? If so under which table it needs to be. Thank you.
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ESPP Reporting in ITR
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Allotment: The discount on ESPP is taxed as a perquisite under Schedule Salary. Holding: You must disclose the shares annually under Schedule FA (Table A3) in ITR-2 or ITR-3. Sale: Any profit over the allotment FMV is reported under Schedule CG as Capital Gains, and any US tax withheld can be claimed as a credit via Schedule FSI/TR.
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