Granted 1,100 ESOP in US company in US vested after 3 yrs in Jan 2005. In July 2008 I exercised (sold) 886 of these options and from the money in USD I got (difference in Market price & grant price), I immediately fully acquired the remaining 214 option shares (by paying grant price to the company) which are now with US brokerage in my name. I am an Indian Resident. As no money was either received by me in India and I used all the accrued USD to partly purchase my option shares -- Do I have any tax liability in India? and how much?
