Capital Gains Tax on shares listed in US

Share This Thread
  1. Pradnya

    Pradnya New Member

    In case an assessee has sold the shares that he received 5 years back, some as ESOPs and some bought by him, which were listed on US stock exchange, and recd the proceeds of sale in India in US $, what shall be the tax implication? The assessee is a Resident.

    VAIBHAV DILIP RANE Active Member

    As per me,

    If Securities Transaction Tax (STT) was paid on such stock to the CBDT - Government of India, than it is totally "Tax Free". As LTCG on Equity Shares where STT is paid is exempt from Tax.

    And if STT is not paid than you will need to pay LTCG Tax @ 10% on the Gain Amount (without indexation) or @20% on the Gain Amount (with Indexation)

    You can consult Karan Sir or Neha Ma'am or a C.A.
Draft saved Draft deleted
Similar Threads Forum Date
How to save tax on long term Capital gains Income Tax Nov 24, 2017
Valuation for capital gains tax Income Tax Nov 23, 2017
CAPITAL GAINS Income Tax Nov 19, 2017
Option not to set off the capital loss against future capital gains ? Income Tax Nov 18, 2017
Whether deduction u/s 54 is available for capital gains arising from sale of more than one house, ho Income Tax Nov 17, 2017