Legal / Tax Updates

  • Tax Update 18 December 2009

    December 18, 2009 | Posted By: | Tax Updates

    Esops are taxed as perquisites in the hands of employees. The relevant date would be the date of exercise of options by the employee and the tax will be levied on the difference between the Fair Market Value (FMV) of the shares as on that date and the exercise price actually paid by the employee […]

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    Tax Update 07 July 2009

    July 7, 2009 | Posted By: | Tax Updates

    Fringe Benefits Tax goes – ESOPs to be taxed as perquisites The Finance Bill, 2009 has proposed to do away with FBT and ESOPs would now be taxed as perquisites. We have, unfortunately, not reverted to the pre-FBT regime where if certain Central Government guidelines were followed, stock options were not taxed as perquisites. Under […]

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