06 June 2016
dear sir, I am currently an Indian resident working for a us based company. I am salaried in India and I pay taxes in India. I have sold my stocks in us provided by my company stock option and 31% tax has been withheld on 50000usd in USA. do I need to pay tax in India come next year. if so how much should I pay tax?
07 June 2016
As 31% tax has been withheld, no need for any further tax payment in India. Include the income and claim relief in the return for tax withheld.
CAclubindia
