1

I'm Indian and working for a US organisation in India. I have been investing in the Employee Stock Purchase Plan (ESPP) for a while now. During the initial investment period, I had not opted for re-investment of dividends, due to which I have accumulated few US $. Now, I plan to transfer the funds(cash) in my bank a/c in India. Can you please help me with below questions?

  1. How should I disclose it to the Indian tax authorities?
  2. What forms should I be submitting to the tax authorities?

Thank you for all your help!!

| improve this question | |
1

How should I disclose it to the Indian tax authorities?
What forms should I be submitting to the tax authorities?

You would need to declare this as "Income From Other Sources" and pay tax as per tax brackets. There no additional form to be filled, your ITR [Income Tax Return] is sufficient.

| improve this answer | |
  • in addition to the tax bracket, does LTCG apply? – Joko Feb 4 '19 at 17:07
  • @Joko Long term capital gains will be applicable when you sell the stock. Not on divided income. – Dheer Feb 4 '19 at 17:16
  • Fabulous, Dheer. Appreciate all your assistance. – Joko Feb 4 '19 at 17:18

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.