Our company is listed in NYSE. We get RSUs at a particular price. Company takes care of taxation of allotment so we need to take care of only capital gains tax. Here is the situation
1. We get shares at a particular value, say $10
2. We sell at $11 (say STCG)
3. When we get the money back to Indian bank, around 2.5% is currency exchange charge.
How to compute gain in rupees (What is the basis for USD-INR exchange rate and what date) and can we deduct the currency exchange charge from gains.
Generally many of our colleagues don’t declare this in their declarations. What we gain is so little (some time even in hundreds ) that the charges to a CA doesn’t make sense.