Dear pk,
Thanks a lot! About your following comment:
You have to be in possession of the shares/equity for ONE year to be bale to take advantage of the Capital; gain tax -- not just the promissory note and /or vesting ( implying no restriction to dispose off the shares ). If that is true, then yes selling these in 2024 will attract capital gains tax when you file your return in 2025
I am still not in possession of the shares. As I mentioned earlier, it was an option offered to me but I am yet to exercise it. I intended to receive shares next month and then do the sale within the same month. In that case, what kind of tax I will be subjected to? Would it be short-term capital gain?
P.S. Of course, I have upvoted all your answers 🙂 Namaste!
