profit on shares

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Assistant Manager Taxation

402 Points Posted on 26 June 2010

dear friends

kindly enlighten me regarding the following..its' urgent..

Status: Resident individual.

Q:profit on sale of shares under ESPP/ESOP from a co. outside india(SHARES NOT LISTED IN INDIA).

WHAT WILL BE THE TREATMENT OF ltcg/stcg?

WHETHER THE SAME IS CHARGEABLE UNDER CAPITAL GAINS OR OTHER SOURCES>>??

REGARDS:-

ABHIRAM (CA FINAL)

9654373858

C/O AGRAWAL DUGAR & ASSOCIATES

Replies (1)

Tax Professional and in Service

1637 Points Posted on 26 June 2010

Should be chargeable under the head capital gain.

LTCG and STCG should be calculated as that of other shares which are not listed in the stock exchange in India.

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