Sale of Foreign Company Shares - Tax Implications
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 July 2011
Certain Shares have been awarded and allotted by way of performance incentive from listed company based at London (U.K.). The same have been sold and proceeds received in pounds converted in to Indian Rs in FY 10-11. Assessee is a salaried employee (Resident). Shares were held more than 3 years before its sale.What is the tax implication? If taxable whether exemption u/s 54F etc. is available?
CA MANOJ GUPTA
(Expert)
07 July 2011
it is taxable
ex under section 54f may be claimed
CA MANOJ GUPTA
JODHPUR
09828510543
ex under section 54f may be claimed
CA MANOJ GUPTA
JODHPUR
09828510543
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