Transfer of Funds from Middle East to NRE on sale of shares held in US companies

Mallikarjuna Gowdar (3 Points)

15 June 2023  

Hello, 

I was working for a company in India. The company provided me some shares (RSU) and i have shares bought in the form of ESPP. These shares are registered in US. Today i am NRI and work in Middle East. I sold all my shares recently. 

Can i transfer the shares to middle east account rather than to my India directly? and then transfer to India NRE account so that these funds can be considered as foreign funds and can be used in India? 

I would like to know what will be the tax complications in India. there are taxes Middle east. 

Regards,