As per your article it is clear that a person selling his ESOP, shares of which are listed abroad should pay only 20% as long term capital gain tax. Is there any more stipulations around this? Do I need to buy the shares by paying money and then sell it to get taxed only @20%? What is all that I need to do to get taxed @20%, not @ 33%.Please provide me comprehensive details around this.
RE:ESOP Long term taxation
by sanjay sanjay on Feb 09, 2007 03:38 PM Permalink
Yes. You need to BUY the shares to get taxed at 20%. If these shares are "AWARDED" to you by your company, it will be treat like any award money you get @33%. Unfortunately, you cant do anything to make it 20%
