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?
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
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
- Tax on Deemed Capital Gain
- Exiting partner in partnership firm in gst portal
- Type of Capital Gain
- Regarding ITR filing with more value than showing in AIS/TIS
- F & O PROFIT REPORTING FOR AY 2026-27
- Banking Related Issue
- Taxability of credit in canara bank ET & T section (NRO)
- ITR-Capital Gain
- TAX AUDIT QUESTION
- Reporting in TDS return
- Gst on travel by air for business purposes
- Loss of interest in PF transfer from EPFO to Trust
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- TDS offline utility
- TDS on rent received on hardship compensation being rent on redevelopment of building
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
