Double taxation of stocks sold in US which are allocated while am in India ?

POSTED BY malladi.sankar ON November 26, 2013 9:00 am ONE COMMENT

Hi Sir

I have some RSU’s allocated in January this year 2013. I moved to U.S.A in this month i.e November 2013. I incidentally sold them and i was taxed heavily for them – both by USA and India. Almost 6000$ were paid in taxes. Can you suggest me what do i need to do to avoid double taxation? If I can’t avoid them Can i get them in IT returns? Which country do i need to file my returns in ? U.S or India? Pls suggest.

 

Thanks,
Sankar

One reply on this article “Double taxation of stocks sold in US which are allocated while am in India ?”

  1. ashalanshu says:

    Dear Sarkar, please contact a Tax professional in US and file your IT return there. You may get benefit of DTAA between India and USA.

    Thanks

    Ashal

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