Hello,
I bought some stocks of my company using the Employee stock purchase plan while I was in India. I have moved to the US to the same company on L1 visa and the stocks are still in my account. I wish to sell them now. Where do I need to show this income and pay tax on it? India or US?
Thanks,
-Sac

Sac:

If you pay taxes on the stock sale in India, you will get a credit for that tax on your U.S. tax return. If not, you will probably pay taxes on a long-term capital gains tax basis.

Regardless of whether you report it on your Indian tax return, you MUST report the sale using Schedule D on your U.S. tax return.