Taxation on ESOP
This query is : Resolved
N.Anuradha
(Querist)
16 July 2009
Dear Sir,
I am an employee of a bank and was allotted 1200 shares from my bank as ESOP in july 2006.The vesting date was 26th July 2007.The company deducted/paid FBT in the year FY2007-08.I purchased 300 shares @Rs800 in Aug 2007.Then I purchased the balance 900 shares @Rs.800 in 5thJune 2008.I have sold all 1200 shares @Rs1100 in the market on which STT is applicable on 3rd March 2009.Do I attract STCG/LTCG.Pls clarify as I need to pay the tax if any and file my retuens before the 31st.Your early response will be appreciated.Thanks.
I am an employee of a bank and was allotted 1200 shares from my bank as ESOP in july 2006.The vesting date was 26th July 2007.The company deducted/paid FBT in the year FY2007-08.I purchased 300 shares @Rs800 in Aug 2007.Then I purchased the balance 900 shares @Rs.800 in 5thJune 2008.I have sold all 1200 shares @Rs1100 in the market on which STT is applicable on 3rd March 2009.Do I attract STCG/LTCG.Pls clarify as I need to pay the tax if any and file my retuens before the 31st.Your early response will be appreciated.Thanks.
chetan soni
(Expert)
17 July 2009
It will be long term gains on 300 shares & short term on 900 shares.
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