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.
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