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Home > Income Tax > Help Center > RSUs/ ESOPs/ ESPPLast Updated: Jan 25th 2024

How to declare Income from RSUs/ ESOPs/ ESPP ?

Capital Gains or Losses to be declared at the time of ITR Filing. Capital Gains Questionnaire from EZTax.in covers RSUs/ ESOPs/ ESPP. Consider all foreign shares given under RSU/ESOP/ESPP schemes as 'Unlisted Securities'.


RSUs/ ESOPs/ ESPP Declaration Explained

All the data related to RSUs/ ESOPs/ ESPP Transactions will be available in G & L report. For Example, E-Trade, Fidelity, Charles Schwab, Morgan Stanley, TDS Ameritrade etc will provide G & L Statement.



1
Capital Gains Template

EZTax Universal Capital Gains template provides an easy way to copy and upload the data where the broker statements are not integrated and/or not available in right format.

(OR)

If you do not have the broker statements click on Manual Entry (RSU/ESOP/ESPP) to enter the data manually

2
Click on Browse

Go to EZTax > Income > Capital Gains Income screen and click on Browse and upload the saved file. It will show all the transactions. Click on Save button and data will be saved

3
Summary

Once the data is uploaded, summary of your transactions will be shown and you can view the detailed transactions

How to download G & L Statement from different Brokers / Intermediaries?


Offering ESOP, ESPP, RSUs etc to employees by Multinational Companies have become popular and common in India. Multinational Companies (MNC), Startups are offering ESOPs to Employees as a part of Salary package. These stock options are managed by the financials institutions or brokers. Some of the financial institutions or brokers for managing the stock options are as follows.


1. E-Trade

Generally E Trade provides the option to download "Gain and Loss Statement" for the specific period. It is popularly known as G & L Statement. This statement contains all the information required for reporting the capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP

  • Date Sold
  • Total Proceeds
  • Date Acquired
  • Adjusted Cost basis
  • Adjusted Gain/Loss

E- Trade gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.


How to download G & L Statement from E-Trade
  • Login to https://us.etrade.com/etx/pxy/login with user Id and Password
  • Go to Accounts Tab from the Menu bar
  • Select Tax & Accounts records
  • Click on Tax documents and select the Gain & Loss Statement and select Expanded
  • Select the period and download the same in Excel format


2. Fidelity

Fidelity provides "View Closed Lots" statement which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP


  • Date Sold or transferred
  • Date Acquired
  • Quantity
  • Proceeds
  • Cost basis
  • Gain/Loss

Fidelity gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.


How to download View closed lots from Fidelity

Generally, as per some of the EZTax Clients, Fidelity provides view closed lots statements to premium users. Below are the steps to download "View closed lots" from Fidelity.

  • Login to https://digital.fidelity.com/prgw/digital
  • Go to “Accounts” tab and select the "Closed Positions"
  • Give the right click on any column header and select download and download either in excel or CSV Format.


3. Charles Schwab

Charles Schwab provides "Account Statement" which provides the required information to report capital gains. The following fields needs to be considered for reporting the capital gains from sale of RSU/ESOP/ESPP


  • Transaction Date (This will be considered as Sale date)
  • Purchase /Vest Date
  • Shares (Qty)
  • Sale price and Gross Proceeds
  • Acquisition FMV (Purchase Price)

Charles Schwab gives all the amount in USD ($). Taxpayers are required to convert the same into INR by using SBI Telegraphic Transfer Buying rate as on the last date of preceding month in which the capital asset is transferred.


How to download Accounts Statement from Charles Schwab
  • Login to https://client.schwab.com/Login/SignOn/
  • Go to Accounts tab and select the desired accounts from the list of accounts shown.
  • Click on documents and go to statements and select the account statement.
  • Select the period and download the statement in pdf.

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