I am an Indian resident and work for a Canadian MNC, and each month I get some shares of company. Now I want to sell those shares and total value might be above 10 lakhs. I want to understand the tax implication and is there any way I can save tax?
Tax implication with sell of ESOP shares of Canadian MNC
Himanshu Agrawal
ESOP tax treatment: seller queried tax consequences and planning options but received only promotional advisory messaging. Tax implications arising from sale of employer provided shares by an Indian resident employed by a foreign multinational: the requester seeks clarity on tax consequences and options to reduce tax liability when disposing of monthly granted company shares. The only response provided is promotional and does not supply concrete guidance on ESOP taxation, characterization of income, cross border tax principles, or tax saving measures. (AI Summary)
TaxTMI