Sir, I was was allotted shares under ESOP in July 2013 by my company, a listed on in India. The Fair value was Rs. 183.00 and allotment price was Rs 50.00 per share. Now the market price is Rs 100.00. If I sell these shares at the current market price, now, what will be my tax liability. Can I show the loss (Rs 183 - Rs 100) as shot term capital gain? I am in 30% tax slab now.
1 Answers
Whole gain (sale price - purchase price, 100-50=50 Rs per share) would be added to your taxable income as short term capital gain.
If stock is listed in Indian stock markets and STT (securities transaction tax) is paid on transaction, gain would be taxable @ 15% rate.
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