I recently exercised my stock worth 1L. Stock is listed in NYSE. I was taxed 30% federal tax, and will be receiving 70k arpx in indian currency.
Will I be charged tax in India as well ?
Next time file your W8-BEN.
US & India have a DTAA. You'll be taxed only once. The CA should help you with the precise nature of documentation required from your investment account.
thanks! appreciate the suggestion
Talk to your CA Ideally there is a form called W-some number which you fill on your broker platform. After which they do not deduct US's income tax for you. Since that hasn't happened for you, your CA might need to claim refund while filing income tax. But rest assured you are only supposed to pay the Indian income tax
appreciate the suggestion.
I have got an offer from a US startup that includes stock options. But their exercise period is of three months. While I did some research and got to know that an individual has to pay tax while exercising stock options, so if i exercise...
Hi, Say a Series B (US) funded startup gives me 3000 shares which are worth $5/share. It follows the usual vesting period of 4 years. Now assume 4 years have passed and all the 3000 shares are vested but the company hasn't gone IPO.
He...
Can someone throw light on RSUs(US based) taxation in India
Wanted to know and understand the reality behind the terms and conditions that new startups puts while promising ESOPs at the time of joining.
Please share ur experience so that everyone gets aware.
Truths about ESOP 101
After working in multiple fast growth startup’s and having been part of multiple buybacks as well as being in the startup ecosystem for a decade I want to put to bear my pov about creating wealth through ESOP. ...