Hello, I was awarded ESOP in May 2012, equal amount of shares to be vested in 4 years, when i was working for my company in India. In May 2014, i was transferred to the same company's subsidiary in Australia. This means that the salary is paid by the local company in AUD and the mother company in India has nothing to do with my salary and there is no Form16. If I vest my ESOPs now in India, there will be no TDS for perquisite tax and no form 16 as I am not an employee of the mother company now and do not earn any salary in India. My question is - can this be considered as a normal income due to above scenario? If I show this as a normal income, it will be below the minimum limit and i will have to pay no tax. Is it ok?
