ESOP

Kindly elobrate dear

where u were working  where r u working right now

sunil

Hi,

I worked in an IT company in India..Currently I working in US in another IT company.

Thanks

In my opinion,

When the shares of an Indian company are sold,the income is said to arise (accrue)  in India.Any income arising in India irrespective of the place of recipt is taxable in India.

Any income charged earlier is not subject to tax again.There is DTAA between India and USA so you need not pay tax again in USA.

Shares of Indian Company therefore, if the shares are sold income deemed to accrue in India and hence it is taxable in india and not in USA...(DTAA)

I am working in India. I had got ESOP of my company “XYZ” listed in NASDAQ at “X” price.

I had exercised “XYZ” company stock (listed in NASDAQ) on 30^th March 2007.

My exercised price (Fair market value) was “Y”. I have sold exercised stock on 18^th December 2009 at “Z” price.

What is my tax liability?