Capital Gains Tax on shares listed in US

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  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.
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