POSTED BY December 27, 2014 11:32 am ONE COMMENT
ONHi,
The company I work for is US based and had offered us RSUs. Recently, the company was acquired by private equity fund, and our stocks were liquidated.
We were taxed 34% by US Govt. i.e. 200 units at $24 each giving $4800, but we received $3167.12.
So, do we have to pay income tax here in India as well? If not, what steps should I take?
Thank you.
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US and India have the treaty on dual taxation . Which means if you have paid the tax in US already, then you dont have to pay the tax here in India
Manish