Award of Shares


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Quick Summary
This discussion addresses the tax implications of an Indian resident employee receiving shares from a US-based employer. It covers income tax withheld by the US head office and TDS deducted by the Indian office under perquisites. The advice given is that this is treated as an expenditure and doesn't need to be declared in the Income Tax Return (ITR) unless the shares are subsequently sold.

14 December 2020 Dear Sir

Award of Shares to Indian Resident Employee by Employer based in United States.
Income Tax Withheld by Head office US $ 829/- Indian Office Deduct TDS Under Perquisites.
To Claim while Filing ITR-2 which schedule and line to be filled up.

14 December 2020 Kindly reply as soon as possible and kindly do the needful and oblige

01 October 2021 These is treated as expenditure, no need to declare it in ITR unless shares are sold.


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