Navigating Esop reporting rules for Indian subsidiaries of foreign MNCs

Navigating Esop reporting rules for Indian subsidiaries of foreign MNCs

If a foreign company offers stock options to employees of an Indian company, the domestic firm must report any future transactions involving these shares to the Reserve Bank of India (RBI), despite not being directly involved. The connection is that those receiving these employee stock ownership plans (Esops) and restricted stock units (RSUs) are residents … Read more

Tax time tactics: Reporting Reits, Invits, and RSUs

Tax time tactics: Reporting Reits, Invits, and RSUs

How can we report income from real estate investment trusts (Reits) and infrastructure investment trusts (Invits) in the income tax return (ITR)? Also, how do we fill up Schedule FA (foreign assets) for Restricted Stock Units (RSUs) of the same company (as in the case of Amazon) awarded over multiple years? Should they be aggregated … Read more