Question ID :
40922
ESOPS ALLOTED IN USA
An individual resident in India received 62 ESOPS in USA in FY 2018-19. At the time allotment 20 ESOPS were deducted as TDS by the company. Now in FY 2019-20 these shares allotted were sold in USA and earned profit of around 80000.00 Rs. Other Income of the assessee is around 45 Lac Rs.
What will be the tax treatment of the shares sold in USA for FY 2019-20. Is there any specific DTAA provision, through which tax benefit can be claimed?
Posted by
CA. SHAH DIWAKAR
on
Dec 19, 2020
Filed Under
DIRECT TAXES
DTAA extends benefits to NOn Residents not to resident
In this case, income is chargeable to tax in India because of residential status,
Benefit of 115F can be planned
Posted by
SHIVANAND CHAUDHARY on
Dec 21, 2020
Answer ID :
80876
Ordinary Resident has to pay tax on income earned in India or out side India from whatever source of income in the AY relevant to the FY
Posted by
Hari Beldona on
Jan 10, 2021