Hello Folks,

For the first time, I have sold the vested RSU stocks and got the money.(Due to some emergency)
Also got some understanding about Tax on vesting, capital gain, how it works with overseas

Ask me anything if you have any doubts!

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Posting as :
works at
You are currently posting as works at

Could you please explain the entire process or steps

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Actually its a huge process to explain in text. Go through RSU center videos for detailed instructions or DM me. However, i will give you high level details about selling RSU shares.
Every year you get the 1/4th of vested shares in your account but Merill will 30% tax withheld and credit only rest of the portion. Like you have got 15 units going to be vested this year, actual units vested is 15 but eligible to sell is only 11 as 4 units are tax withheld and directly paid to indian govt

Now you are eligible to sell 11 units. Your purchase will be made only when enable wire transfer, can be done by adding the standard swift code of your bank and call merill to enable it.
After purchase the money will be credited to your account in 2-4 days.
There will be deduction of small fee as per currency exchange rates.
The capital gain will be based on the proft between time your units vested and you sold. Will be taxed in the financial year filing

No tax will be deducted as your 30% of stocks already sent to govt. However in next financial year you need to file the capital gain. I hope it is automatically captured. Need to check in my upcoming year filing

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how much time it took to get deposited in our bank account

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3 days

Did you need to enable WIRE transactions etc by calling Meryl lynch helpline?

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Yes thats right.
I got the Swift code of my bank. Tried to Setup Wire in Merrill account. But it thrown error like i need to contact Helpdesk.

They validated my identity in call and enabled it in few secs.

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Thanks this was helpful

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Please share the entire redemption process in brief
And taxation that is implied on redemption

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