TAXATION ON ESOP GIVEN BY FOREIGN COMPANY
This query is : Resolved
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PRASANNA KUMAR
(Querist)
18 November 2024
Dear Sirs,
My son is offered ESOP every year which is a non-listed foreign company.
They buyback stocks at regular intervals and pay cash to their employees, which is not a part of the CTC.
Kindly advise how the capital gain is calculated and it's taxed.
Thanks for your kind answer.
Prasanna
My son is offered ESOP every year which is a non-listed foreign company.
They buyback stocks at regular intervals and pay cash to their employees, which is not a part of the CTC.
Kindly advise how the capital gain is calculated and it's taxed.
Thanks for your kind answer.
Prasanna
CA R SEETHARAMAN
(Expert)
18 November 2024
If sold within one year, they are considered as short-term gains. Currently, long-term gains on listed equity shares are taxed at 10% without indexation on LTCG above Rs 1 lakh, whereas short-term capital gains are taxed at 15%.
Consider entire sale value as capital gains.
Consider entire sale value as capital gains.
Dhirajlal Rambhia
(Expert)
18 November 2024
Agreed with expert, with little change as the shares are non-listed foreign company shares.
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