1.In the revised ITR-2 online form, please update which section of LTCG (B1 to B12),
the gain to be reported from the sale of RSU of US listed stock sold after 23/July/24.
2. None of the above sections asks for details on country of RSU sale.
Say if it is B3.., is it same for Indian Vs US listed stock?
3. Hope RSU sold after 23/7/24, the rate is 12.5% without indexation and no exemption of 1.25 Lakhs available.
LT gains from the sale of foreign RSUs (including US-listed stocks) are to be reported under the "B3" section of Schedule CG (B3: "From sale of assets other than those at B1 and B2 (where shares are not listed in India)"). This applies to sales after July 23, 2024. No, the relevant section for Indian-listed stocks is different.
Foreign listed shares/RSUs (e.g., US listed): Always reported under "B3". The form does not require you to specify the country of sale for B3, but if you hold US-listed RSUs, B3 is the right section regardless of country specifics.
LTCG treatment for foreign RSUs sold on/after 23rd July 2024, the LTCG tax rate is 12.5% (without indexation).
Unlike Indian listed equity shares, LTCG on foreign shares/RSUs (B3) does not get the Rs 1.25 lakh exemption. That exemption applies only to shares covered under Section 112A (B1) – i.e., Indian listed equity shares.
Thanks Sir for the correct & detailed explaination.
Hope the FSI>Capital gain section need not be filled, as there is no tax in US for Sale and DTAA applicable.
You are welcome.
Kindly clarify
1.whether FSI > Capital Gain to be filled , as no tax deducted in USA for RSU sale and there by no DTAA. or should we show the CG in FSI and tax paid outside india as zero.
2. Schedule FA: (D) : I used to show the RSU stocks(asset) held in FY in FA(D), should we update, if it has been sold fully in the FY.
Also the company & sale details to be filled in FA:A3 as well?
CAclubindia
