Reporting of capital gain on sale of ESOPs in foreign company

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An Indian resident who received shares in a listed foreign company through ESOPs and subsequently sold them needs to understand how to report the capital gains in their Income Tax Return. This query seeks guidance on the correct procedure for reporting foreign income, including specific forms like Form 67 and details for filling out schedules related to foreign assets in the ITR.

Suraj

Suraj (Querist)

06 December 2021 Dear Sir / Madam,

My query is as follows:

Mr A, Indian resident, is working with Subsidiary company of an MNC. He received few shares under ESOPs in listed foreign company during his employment. He sold these shares in FY 2020-21. I wish to know how to report capital gain on sale of these shares of foreign company in his Income tax return? I have no idea how to report foreign income. Any specific form is also required to be filed, documents to be seen??

Kindly guide.
Thanks & Regards,
Suraj

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

02 January 2022 https://taxguru.in/income-tax/taxation-employee-stock-options-domestic-foreign-companies.html

Or ... https://cleartax.in/s/taxation-on-esop-rsu-stock-options

Message likes : 2 times

Suraj

Suraj (Querist)

02 January 2022 Thank You Rambhia Sir. Another thing is that 1) how to fill up FSI, TR, FA & unlisted shares schedules in ITR form and Form 67?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

02 January 2022 https://www.incometax.gov.in/iec/foportal/help/statutory-forms/popular-form/form67-um

https://cleartax.in/s/form-67-claim-foreign-tax-credit

Message likes : 1 times

Suraj

Suraj (Querist)

02 January 2022 Thank you Rambhia Sir.....

Message likes : 1 times

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)

03 January 2022 Most Welcome..

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