Capital gain
This query is : Resolved
31 March 2016
Dear All,
There is a sale of esop from a foreign company, the shares held by the assessee is being transacted in foreign currency but received the sale consideration in Indian Rupees, so my query is that
1. If the shares held by the assessee being listed in the home country,should it be treated as a taxable income or
2. The shares held by the assessee being transacted in foreign currency but the company having branch in India being listed in both BSE and NSE, the LTCG out of the sale consideration can it be considered as STT suffered and claim exemption for the LTCG?
Regards,
C. Venkata Subramanian
There is a sale of esop from a foreign company, the shares held by the assessee is being transacted in foreign currency but received the sale consideration in Indian Rupees, so my query is that
1. If the shares held by the assessee being listed in the home country,should it be treated as a taxable income or
2. The shares held by the assessee being transacted in foreign currency but the company having branch in India being listed in both BSE and NSE, the LTCG out of the sale consideration can it be considered as STT suffered and claim exemption for the LTCG?
Regards,
C. Venkata Subramanian
11 April 2016
Taxability depends on residential status of assessee. If he is resident then then it entire world income will be taxable.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- About TDS & Income Tax
- Scrutiny and reopening of past returns
- Section 194JA & JB Income which ITR Form to use
- Tax on Deemed Capital Gain
- PPF interest-As Exempt Income disclosure
- Pass word to open justification report for Q1 for FY 2026-27
- Regarding ITR filing with more value than showing in AIS/TIS
- Booth for sales promotion
- F & O PROFIT REPORTING FOR AY 2026-27
- Type of Capital Gain
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
- PF Taxable Income
- Clarification on Tax Audit Applicability and Reporting of F&O Transactions in ITR-3
- Interest credited in FY2025-2026 & TDS therein by EPFO does not reflect in AIS or Form 26AS
- 44ad eligble money lending interest
- Taxation in the hands of Landowner under JDA
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
