Home Forum Income Tax Month 6 2011 2011 (6) This
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section 10(38) - Income TaxExtract Under section 10 (38) of Income Tax Act , the Capital Gain on sale of shares held for more then 12 months is exempt if the shares under consideration are listed on a stock exchange in India. What is the position if ESOP are allotted and sold outside India, ( employee is Indian resident ,working and based in India) on foreign stock exchange and the sale price also recieved in another country. Is there tax exemtion on capital gains for this type of gain in any other section of the income tax act.
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