what is ESPP Shares allotment how is it taxed in India
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 June 2011
my company is subsidiary of USA nasdaq listed company. the USA holding Company has given option for us to buy its shares of the USA Company at 15 % discount.
we purchased it in FY 2009-10 and sold them in FY 2010-11.
what is the tax liablity in the hand of employee. for the 15% discount received and for the capital gain arising from the sale of the shares .
we purchased it in FY 2009-10 and sold them in FY 2010-11.
what is the tax liablity in the hand of employee. for the 15% discount received and for the capital gain arising from the sale of the shares .
CA MANOJ GUPTA
(Expert)
01 June 2011
THE RECEIPT OF SHARES MAY BE TREATED AS PERQUISITE IN THAT CASE THE FMV OF SHARES WILL BE TAXED AS PERQUISITE
ON SALE SALE VALUE - FMV ALREADY TAXED AS PERQUISITE WILL BE TAXED AS CAPITAL GIAN
CA MANOJ GUPTA
JODHPUR
09828510543
ON SALE SALE VALUE - FMV ALREADY TAXED AS PERQUISITE WILL BE TAXED AS CAPITAL GIAN
CA MANOJ GUPTA
JODHPUR
09828510543
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