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narenwill   11 July 2021

How income from stock options earned in India is taxed for US resident?

How income from stock options earned in India is taxed for a US resident?

Will this income is treated as business income in India and taxed in India? Therefore no tax is applicable in US as per India-US Double Taxation Avoidance Agreement ('DTAA').

Thank you for expert assistance!



 4 Replies

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     11 July 2021

Your bank account linked is Indian, so it is taxed here through tcs at 0.1% for Indian equity stock options.

narenwill

narenwill   11 July 2021

Do you mean broker account?

Most likely I have will NRE bank account.

And will it be treated as business income/loss?

Thank you !

yasaswi gomes

yasaswi gomes (My grammar is 💯 good I)     11 July 2021

Yes the bank, where will the sales value be credited?

It is business income. 

narenwill

narenwill   11 July 2021

Thank you very much!


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