Several years ago, my employer gave me a few shares of company stock for my 10-year anniversary. When I flog those stocks, do I consider the entire sale price taxable gain? For example, if they be worth say $40/share at the time, but they cost me nil... and later I trade them for say $60/share. Is my taxable gain considered the entire $60/share? Or is it freshly the $20/share gain?
Answers: In india, the appreciation value would be considered long occupancy capital gain which is tax-free.
But makeshift gift advantage is taxable, in impossible to tell apart year. after several years, you would need to take-home pay interest on the tax too.
In the US, the shares will be taxable income to you valued at the price on the date you be given the shares (assuming you were fully vested surrounded by the shares on this date -- if not, with the sole purpose the amount that was fully vested would be taxable income). Your W-2 would hold included this amount as income and you would have compensated additional income duty on this amount in the year contained by which you received them. The value on that date become your basis contained by the shares (i.e. the $40). If you sell them subsequent, your gain or loss will be calculated based on this $40 argument. i belive the taxable gain is at $60 per share in the travel case you referenced. You paid nil for the shares. So, you have a nought cost basis. Therefore, when you put up for sale the shares, you will pay property gains on anything the total profit is based on the sale price.
In india it comes under long occupancy capital gain and are completely Tax free but you should hold shown in your income rates return at the time of buying/gift
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Answers: In india, the appreciation value would be considered long occupancy capital gain which is tax-free.
But makeshift gift advantage is taxable, in impossible to tell apart year. after several years, you would need to take-home pay interest on the tax too.
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In the US, the shares will be taxable income to you valued at the price on the date you be given the shares (assuming you were fully vested surrounded by the shares on this date -- if not, with the sole purpose the amount that was fully vested would be taxable income). Your W-2 would hold included this amount as income and you would have compensated additional income duty on this amount in the year contained by which you received them. The value on that date become your basis contained by the shares (i.e. the $40). If you sell them subsequent, your gain or loss will be calculated based on this $40 argument. i belive the taxable gain is at $60 per share in the travel case you referenced. You paid nil for the shares. So, you have a nought cost basis. Therefore, when you put up for sale the shares, you will pay property gains on anything the total profit is based on the sale price.
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In india it comes under long occupancy capital gain and are completely Tax free but you should hold shown in your income rates return at the time of buying/gift
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