e s o p
This query is : Resolved
15 December 2010
one employee get 10 Shares under ESOP at RS. 60 (face value 10 and FMV Rs. 100).
And paid tax on Rs. 40 as Perquisite. after that he sold the shares at RS 80 (loss RS. 20 per share)in the market.
now what is the treatment of loss ie RS. 20.
And paid tax on Rs. 40 as Perquisite. after that he sold the shares at RS 80 (loss RS. 20 per share)in the market.
now what is the treatment of loss ie RS. 20.
15 December 2010
The loss of Rs. 20 per share is a loss under the head "Capital Gains".
This loss can be set-off with any other Capital Gain during the same Assessment Year. If this loss could not be set-off as abovesaid, it will be carried forward to next 8 Assessment Years to be set-off similarly as stated above in respective Asssessment Years.
This loss can be set-off with any other Capital Gain during the same Assessment Year. If this loss could not be set-off as abovesaid, it will be carried forward to next 8 Assessment Years to be set-off similarly as stated above in respective Asssessment Years.
27 March 2011
Hi,
It Shall be treated as either
STCL or LTCL depending upon the holding period of such security.
If LTCL it cannot be set off with any other Heads of Incomes except LTCG
If STCL it can be set off with LTCG or STCG {if any} or other heads of Income.
Thank you
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
It Shall be treated as either
STCL or LTCL depending upon the holding period of such security.
If LTCL it cannot be set off with any other Heads of Incomes except LTCG
If STCL it can be set off with LTCG or STCG {if any} or other heads of Income.
Thank you
Regards
CA. Lohith. J
B.Com,ACA,CS,(ICWA),SAPM Hons,ITF Hons
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
- Difference between Date of Payment and Date of Deduction?
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Unregistered suppliers utility
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- LIC maturity claim whether taxable
- URGENT-Eligible leaves being shown as 24 days for 3 years Articleship instead of 156 days in 108
- FCRA 6 E- Intimation
- EXPORT COMMERCIAL INVOICE HSN CODE
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
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
