Taxability

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

11 August 2015 Hello all,

The case goes like this
The assesse was employed in LAOS and there was a deduction of 200$ every month from his salary as pension scheme for two years which went into friends provident international (broker)
And this amount was invested in shares of few companies by the broker , the shares were in d name of the assesse but he didn't receive any dividend nor did he have any demat account.

However all the share transaction were carried out by getting the consent of the assesse

Since the scheme had a lock in period of 5 years and the assesse relocated to India before that he had to continue the share transaction

And now he has received the proceeds amounting to 6000$, he's a senior resident individual for the present AY

Will it be taxed under capital gains by the virtue of share transaction or as pension received in lumpsum under the head salary?
If it amounts to capital gains will i be getting the cost of acquisition as deduction since it's a foreign income

Please guide me about the taxability of these receipts.
Thanks in advance