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How do I fill out the ITR II form in case my MNC gave an awarded share in a foreign German account?This is better answered by a CA. I can give my experience.There are two factors here. 1. Perquisite - This is the difference between the price of the share at the time of vesting (also called Fair Market Value) and the cost you paid for it (which is mostly zero). This would be taxed as part of the salary in the year of vesting 2. Capital gains - When you sell the shares, capital gains would be calculated on the difference between the selling price and FMV Since no STT would have been paid on the transaction, the stock would be treated as ‘non-equity’ and corresponding treatment would apply. Currently the tax is your marginal tax rate for holding period < 3 years, and 20% with indexation for period > 3 years.Also ensure that you list the foreign account in Schedule FA.
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People also ask
How do I cancel my Texas benefits?Contact the Texas Medicaid program at 800-252-8263. If you wish to cancel a child's Medicaid, call this program at 800-647-6558.
How long does it take to get approved for Medicaid in Texas?The Medicaid agency usually has 45 days to process your application. If the application requires a disability determination, the agency can take 90 days. But, it may take longer for the state to determine your eligibility if you do not provide the required documents on time.
How do I renew my Medicaid in Texas?Check your mail. You'll get a notice in the mail from the Health and Human Services Commission (HHSC) about 60 days before it's time to renew. Renew your benefits. Visit Your Texas Benefits and choose Manage Your Account. It's easy to create an account if you don't have one.
Does Medicaid need to be renewed?Renewing your Medicaid application You must fill out a new Medicaid application every year to stay in the Medicaid program. ... However, information such as your income or alien status may change from year to year, so you'll be asked to provide an update every time you renew your Medicaid application.
How do you apply for Medicaid in Texas?You can apply in person by downloading an application in PDF format. Once you have the form, you can fill it and send it to HHSC benefits office. You can also apply in person by visiting HHSC office in your locality. You can go to the Your Texas Benefits website and click 'Find an Office' to locate an office near you.