Short Term Capital Gain

Tax queries 710 views 2 replies

An Employee acquired share under ESOP plan @ Rs 500/- per share also paid perqusite tax of Rs 150/-  Fair value of That share is 1000/-. Wat will be the Capital Gain when that share is sold after one month at Rs 1000/-

Replies (2)
Perk-1000(FMV on exercise date) - 500(exercise price) =500 Capital gain-STCG- 1000(sale proceeds) -1000(FMV on exercise date) 0

1000-500-150=350 IS THE STCG. THANKS BOL TO DO SIR


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