RSU Indian company Tax
This query is : Resolved
Rakesh R N
(Querist)
04 August 2024
My Indian company Employer has given few RSU in past, which were vested and exercised. The total Market value of stocks (at that time) was shown as Perquisites in My Form-16 and tax (as per income slab) was paid to government. These RSU shares were deposited in my DEMAT account.
Later, 1:1 bonus stocks were issued. With this, my stock count doubled in my DEMAT account. Do I need to pay any Tax to Government for bonus shares.? As per my understanding, I need to pay ONLY capital gain tax to Government on the shared sold, whenever I sell the shares. These is no other Tax required to be paid to Government. Please clarify. Thanks.
Later, 1:1 bonus stocks were issued. With this, my stock count doubled in my DEMAT account. Do I need to pay any Tax to Government for bonus shares.? As per my understanding, I need to pay ONLY capital gain tax to Government on the shared sold, whenever I sell the shares. These is no other Tax required to be paid to Government. Please clarify. Thanks.
CA R SEETHARAMAN
(Expert)
04 August 2024
You are right no need to pay any tax now on bonus shares. Capital gains tax payable only at the time of sale.
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