ESOP of foreign entity from Indian Employer
This query is : Resolved
09 October 2021
Hi, I have encased ESOP as per below details
Qty - 50
Grant Date - 18.12.2018
Grant Price per unit - $44.61
Exercise & Sale Date - 07.05.2020
Sale Price/FMV $ on 07.05.2020 - $57.08
Sales Proceeds - $2853.9
Cost of option - $2230.50
Taxable compensation - $623.40
Federal Tax & Charges - $255.70
Net Proceeds - $367.70
Can you guide me, How it would be charged to tax under perquisite in form 16 and also capital gain tax?
Qty - 50
Grant Date - 18.12.2018
Grant Price per unit - $44.61
Exercise & Sale Date - 07.05.2020
Sale Price/FMV $ on 07.05.2020 - $57.08
Sales Proceeds - $2853.9
Cost of option - $2230.50
Taxable compensation - $623.40
Federal Tax & Charges - $255.70
Net Proceeds - $367.70
Can you guide me, How it would be charged to tax under perquisite in form 16 and also capital gain tax?
09 October 2021
$44.61•50 on 18/12/18 perks.
Capital gains $623.40 07/05/20
Claim tax relief for $255.70 federal tax paid.
Capital gains $623.40 07/05/20
Claim tax relief for $255.70 federal tax paid.
10 October 2021
Hello Sir, thank you for your reply. But I have actually exercised & sold shares in FY 20-21. Also my employer has shown it in form 16 as perquisit in FY 20-21 approx. Rs.42000. Kindly advise. Thank you 🙂
10 October 2021
Consider perquisite as per form 16 in FY 20-21. Consider it as cost for capital gains.
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
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- FORM 26A APPLICABILITY
- LC charges in relation to Asset purchased should be Capitalised ?
- Before GSTAT- APL-02 Vs APL-04
- Annual return in Gst
- Regarding TDS Applicability For Director Remuneration
- Multiple trade mark
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
