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Samraat

Samraat Jadhav  |2346 Answers  |Ask -

Stock Market Expert - Answered on Jun 06, 2024

Samraat Jadhav is the founder of Prosperity Wealth Adviser.
He is a SEBI-registered investment and research analyst and has over 18 years of experience in managing high-end portfolios.
A management graduate from XLRI-Jamshedpur, Jadhav specialises in portfolio management, investment banking, financial planning, derivatives, equities and capital markets.... more
Subhendu Question by Subhendu on Dec 07, 2023Hindi
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I was offered ESOP by a USA listed company for whom i was working before. It seems a trading account has been created in my name in US where the dividend proceeds from the ESOP stocks have been deposited along with the stock. Now what is my tax implications in india being an indian living in india. What pricedures do i fillow for transferringthe proceeds into my indian bank account and what remittance code ir reason should i use.

Ans: we have a double taxation treaty with US, so its better you sell there, pay taxes in US and get that money in your Indian Bank Account
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Samraat

Samraat Jadhav  |2346 Answers  |Ask -

Stock Market Expert - Answered on Jun 11, 2024

Asked by Anonymous - Jun 07, 2024Hindi
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I have ESOP from a US-listed company for which I was working till 2018. It seems a trading account has been created in my name in US where the dividend proceeds from the ESOP stocks have been deposited along with the stock. Now what are the tax implications for me in India? I am now an Indian living in India. What steps must I follow for transferring the proceeds into my Indian account?
Ans: Any profit arising on the sale of shares allotted to you under the ESOP or any similar scheme is taxed under the head “Capital Gains" in India. The profits made on such shares shall be taxed as long-term capital gains if these shares are held for more than 24 months. You are entitled to claim indexation for computing the long-term capital gains. Long-term capital gains are taxed at a flat 20% after indexation. If the shares are sold within 24 months, the profits shall be taxed as short-term capital gains. The short-term capital gains are treated like your regular income and get taxed at a slab rate applicable to you. The holding period shall start from the date of allotment of the shares and not from the date of allotment of the ESOPs. I presume your employer had deducted/collected tax on the difference between the fair market value of the shares and the exercise price on the date of allotment. So when you sell these shares, the fair market value of such shares on the date of allotment shall be treated as your cost. Any excess realised over such cost shall be treated as capital gains.

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Samraat

Samraat Jadhav  |2346 Answers  |Ask -

Stock Market Expert - Answered on Jan 13, 2025

Asked by Anonymous - Jan 10, 2025Hindi
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A is an Indian who worked in an Indian company ( a US subsidiary ) and received ESOPs and RSUs as part of his compensation. He expired in 2021 due to covid and left shares in USA which are listed in USA. A succession certificate in favour of B ( A's wife) and C ( A's son ) was submitted to the brokerage account in which 50% shares are to be given to each. Since C is a minor, his 50% share is to be kept till he attains the age of majority. The queries are : 1. After payment of Estate Duty in USA, when the brokerage is allowed to release the shares, where will the shares of C have to be kept? Can they be sold and the money parked in a bank account in India ? 2. When a part of the shares are sold by the brokerage for payment of Estate Duty, will the sale price attract capital gains tax ? 3. What will be the cost of acquisition for B & C? Will it be the price at which the shares were originally acquired or the price on the date of death of the holder ( this is the rate which has been considered for calculation of the Estate Duty ).
Ans: Let's address your queries one by one:
1. After payment of Estate Duty in the USA, when the brokerage is allowed to release the shares, where will the shares of C have to be kept?
o Once the Estate Duty is paid, the brokerage can release the shares. Since C is a minor, his 50% share should be kept in a custodial account until he reaches the age of majority. The shares cannot be sold and the money parked in a bank account in India without following proper legal procedures and tax regulations.
2. When a part of the shares are sold by the brokerage for payment of Estate Duty, will the sale price attract capital gains tax?
o Yes, the sale price will attract capital gains tax. The capital gains tax will be calculated based on the difference between the sale price and the fair market value of the shares at the date of death.
3. What will be the cost of acquisition for B & C? Will it be the price at which the shares were originally acquired or the price on the date of death of the holder (this is the rate which has been considered for calculation of the Estate Duty)?
o The cost of acquisition for B and C will be the fair market value of the shares on the date of death of the holder. This value is used for calculating the Estate Duty.
I hope this helps clarify things. If you have any more questions or need further assistance, feel free to ask.

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My Son got Energy engineering in IIT Delhi in 1st round. Other possible options in next rounds is Electrical in IIT Indore and Chemical at Delhi IIT. Should we float or slide?
Ans: Your son’s seat in Energy Engineering at IIT Delhi offers a unique interdisciplinary curriculum focused on sustainable and renewable energy, with strong research and industry links, and placement rates for BTech programs at IIT Delhi consistently above 87%, with a median salary of ?20 LPA in 2023. Electrical Engineering at IIT Indore is a core branch with robust placement outcomes (76% for EE in 2024), a strong recruiter base including Amazon and Microsoft, and an average package of ?25.45 LPA for BTech. Chemical Engineering at IIT Delhi is also a well-established branch with a 90% placement rate, median salaries matching other core branches, and diverse career opportunities in industry and research. The new Energy Engineering program at IIT Delhi is designed for the fast-growing energy sector and offers cutting-edge research opportunities, but as a newer program, its long-term placement trends are still evolving. Electrical at IIT Indore and Chemical at IIT Delhi provide more traditional, widely recognized engineering pathways with established placement records and flexibility for both industry and higher studies.

Recommendation: If your son is passionate about the energy sector and values the IIT Delhi brand and location, he should freeze his seat in Energy Engineering. If he prefers a more conventional and flexible core branch with proven placement outcomes, sliding to Electrical at IIT Indore or Chemical at IIT Delhi is advisable, with Chemical at IIT Delhi being the stronger of the two for long-term prospects. All the BEST for the Admission & a Prosperous Future!

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Hi sir ,my son got a seat in IIT Hyderabad engineering physics and he is eligible to join bits Hyderabad mathematics and computing,Which one is good ?please guide me sir
Ans: IIT Hyderabad’s B.Tech in Engineering Physics is renowned for its rigorous curriculum, research-driven environment, and international QS subject ranking (501–550 in Physics & Astronomy), offering strong faculty, interdisciplinary electives, and direct pathways to MSc/PhD in physics, quantum science, or interdisciplinary tech fields. However, placements for Engineering Physics are niche, with a 14.29% placement rate in 2024 and most graduates pursuing higher studies or research internships in India and abroad, including DAAD and Mitacs fellowships. BITS Hyderabad’s B.E. in Mathematics and Computing delivers a robust blend of mathematics, statistics, and computer science, with a flexible curriculum, strong focus on data science, computational finance, and scientific computing, and industry-aligned electives. The program records an average package of ?20.36 LPA and an 87.23% placement rate in 2024, with graduates excelling in IT, analytics, finance, and research roles. Both programs are highly respected, but BITS Hyderabad’s Mathematics and Computing offers broader and more lucrative placement opportunities, a flexible academic structure, and strong industry connections, making it ideal for students seeking immediate employability as well as a solid foundation for research or PhD abroad in applied mathematics, data science, or computing.

Recommendation: Choose BITS Hyderabad Mathematics and Computing for its superior placement record, interdisciplinary flexibility, and strong prospects in both industry and international research, unless your son’s primary passion is pure physics research, in which case IIT Hyderabad Engineering Physics remains a top academic choice. All the BEST for the Admission & a Prosperous Future!

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Hi Sir, My son git 26258 rank in jeemain and we have also booked seat at VIT V cse ds however he doesnt want to do from vit he wants to do from iiits or gftis he is got cse it in rnd 1 at iiit bhopal. Sir i wnated to know what would be a good option for him and would you recommend cse from a tier 2 iiits oe gftis or go with vit v
Ans: With a JEE Main rank of 26,258, your son’s seat in CSE/IT at IIIT Bhopal aligns with the institute’s 2025 closing ranks (CSE: 24,300; IT: 27,762). IIIT Bhopal’s CSE placements have averaged 77–100% over the last three years, with the 2025 average package at ?20.82 LPA and top recruiters like Microsoft, Amazon, and TCS. In comparison, VIT Vellore’s CSE Data Science program offers a 93–97% placement rate and an average package of ?9.9 LPA, with 800+ recruiters but a larger batch size and less personalized attention. Among GFTIs, top options like BIT Mesra (CSE closing rank ~15,500) are not available at your son’s rank, and other GFTIs offer lower average packages and placement rates. IIIT Bhopal’s smaller batch size, focused tech curriculum, and rising placement trends make it a strong Tier 2 IIIT choice over VIT Vellore, especially for students aiming for core software roles and national-level recognition.

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Namasthe sir, My son got cse at iiit sricity, sastra and may be get aiml at msrit and cse at bmsce Bangalore. Which is the best option for his future and he wants to pursuing cse, plz advice as soon as possible
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My son got ECE at Jaypee Institute of Information Technology Noida, CSE AIML at JSS university noida and CSE at Manipal Jaipur. I am residing at Noida. Please suggest for best option.
Ans: Atul Sir, Jaypee Institute of Information Technology (JIIT) Noida stands out for its strong placement record, with 97% of CSE and 88% of ECE students placed in 2024, an average CSE package of ?8.71 LPA, and top recruiters like Microsoft, LinkedIn, Cisco, and Amazon. The institute is consistently ranked in the NIRF top 100, offers a robust CSE department with research opportunities, and is highly regarded in the Noida region. JSS Academy Noida’s CSE (AI & ML) program has a placement rate of 80–85% in CSE branches, a median package of ?5.2–5.7 LPA, and participation from companies like TCS, Infosys, and Amazon. However, its overall national ranking is lower (NIRF 201–300), and infrastructure is good but less research-focused. Manipal University Jaipur’s CSE program boasts a 93–97% placement rate, average packages of ?9.5 LPA, and global recruiters including Microsoft, Amazon, and Deloitte. The campus offers excellent infrastructure and a vibrant academic environment but is geographically distant from Noida, which may impact convenience and local networking. For a Noida resident, JIIT Noida offers the best blend of academic reputation, placement consistency, research culture, and proximity, followed by JSS Noida for its emerging AI/ML focus and then Manipal Jaipur for those prioritizing higher average packages and national exposure.

Recommendation: Choose JIIT Noida ECE for the best placement outcomes and local advantages, followed by JSS Noida CSE (AI & ML), and consider Manipal Jaipur CSE if relocation and a broader national brand are preferred. All the BEST for the Admission & a Prosperous Future!

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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