I have been allocated few shares of our company (US based) as year-end bonus with a lock in period of 3 years, meaning I could sell 1/3rd every year. Last year I sold some shares on which I have paid withholding tax of US. Will this income be again charged by Indian Income tax. Will there by any double taxation avoidance or any exemptions.
02 August 2015
Thanks for your information that credit for taxes paid or deducted in US as with holding tax is available. Could you please let me know the section under which I could claim the same.
CAclubindia
