I would like to know how should I declare the Capital Gain that I made by selling my ESPP shares. I work with an MNC which is listed in NASDAQ. Should the gains be shown as Income from Other Sources? or will the Special Tax Rates of Capital gains would apply to this as well?
Thanks
Magesh
Yesy it will go under Income from Other Sources.
I recently got to know about these rate :-
1) Short term capital gain: If sold with in same year (before 1 Year date of purchase) ... then add this to your annual income and Tax rate as per your slab.
2) Long term gain : if hold more than a year then Tax rate : 20 %
rest any expert CA can correct...if it is wrong :)
CAclubindia
