tax on gains on ESOP of foriegn equity markets
This query is : Resolved
02 September 2009
Hi All,
How tax will be calculated on gains received from sales of shares of foreign equity markets?
Points to note
1) All transaction is made on foriegn
equity market by a foreign broking firm.
1) The difference in purchase and the sale
date is more than a year.
2) There is no tax deducted at source.
3) Also please provide tax rates if the
the difference of purchase and sale date
is less than a year?
regards
How tax will be calculated on gains received from sales of shares of foreign equity markets?
Points to note
1) All transaction is made on foriegn
equity market by a foreign broking firm.
1) The difference in purchase and the sale
date is more than a year.
2) There is no tax deducted at source.
3) Also please provide tax rates if the
the difference of purchase and sale date
is less than a year?
regards
19 December 2009
Shruti u have not written whther tax payer is NRI or ROR or RNOR.
Assuming tax payer is ROR and all companies are foreign company Following would be answer of your Q
1 Since diff. is more than one year Long term cap gain will arise. Tax rate will be normal rate for long term cap gain i e.20 %
2 No TDS is deducted therefore double taxation will not be there.
3. if sold withen one year short term capital gain will arise rate will be 30%
Assuming tax payer is ROR and all companies are foreign company Following would be answer of your Q
1 Since diff. is more than one year Long term cap gain will arise. Tax rate will be normal rate for long term cap gain i e.20 %
2 No TDS is deducted therefore double taxation will not be there.
3. if sold withen one year short term capital gain will arise rate will be 30%
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
- Is any professional CA is here please reply
- Reopen of assessment proceeding
- Experts need help
- Putting a heading on received mail
- Rental income gst and it purpose
- EPF FULL & FINAL RULES IN 2026
- Reprocessing of rectification order AY 2025-26
- FTS Taxable under 115A
- Gift Received from nonblood relative
- Foreign lottery ticket bought online from India: legality, tax and consequences
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
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
