Can short-term and long-term capital gains from RSUs be adjusted against short-term losses in india

Can short-term and long-term capital gains from  US RSUs be adjusted against short-term capital losses in Iindia, 

I have capital gains in both India and the US, but when I submit ITR-2 online, it shows no tax liability. Could someone please confirm if this is correct?

In india capital gain  : 

STCL : -2,10,691

LTCG u/s 112A :  1,64,648

 

For US RSU : 

STCG on assets other than at A1 or A2 or A3 or A4 above :  12,779

Long-term Capital Gains on assets at B9 above wheretransfer was (9c- 9d) : 4,809

 

 

Replies (5)
Quick Summary
This discussion clarifies whether short-term and long-term capital gains from US RSUs can be offset against short-term capital losses in India. The consensus is yes, as Indian tax law requires residents to report global income, and the source of the capital gain (US or India) does not prevent the adjustment, provided both fall under the 'capital gains' tax head. Any remaining short-term capital loss can be carried forward.

  1. Yes.
  2. Remaing STCL (around 28455) will be carried forward.

Does this mean that short-term capital gains from RSUs in the USA can be adjusted against short-term capital losses in India? Please confirm.

Yes, short-term capital gains from RSUs (Restricted Stock Units) in the USA can generally be adjusted against short-term capital losses incurred in India for tax purposes under Indian tax law.

Indian residents must report global income, including gains from US RSUs, in their Indian tax returns. The source (US or India) does not restrict set-off so long as both assets fall under the "capital gains" head.

Thank you, Sir, for replying at the last moment.

 

You are welcome.                  

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