Capital gain
This query is : Resolved
c venkata subramanian
(Querist)
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
Saket Jain
(Expert)
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
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- Section 269ST applicability for capital introduced by partner to his partnership firm
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- ETDS return q4 25-26
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
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
