Taxation of RSU – Clarification needed !

POSTED BY vasanthi ON November 4, 2013 5:48 pm ONE COMMENT

I am entitled to 150000 of a Delaware Company’s Class C Common Units. I have not made an election u/s 83(b). I had been providing my services from India to a bermuda exempted company being an wholly owned subsidiary of the Delaware Company. Vesting date is as follows: effective date (Oct2011) 20% next vesting date (Dec 2012) 40%.

Now in September 2013 – I am credited with the cash equivalent of my units that has become vested. please let me know how this would be taxed for AY 13-14. Nothing has been offered for tax in the previous assessment years in India.

One reply on this article “Taxation of RSU – Clarification needed !”

  1. ashalanshu says:

    Dear Vasanthi, the amount credited to you ‘ll be considered as capital gain ‘ll be taxed accordingly.

    Thanks

    Ashal

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