24 March 2009
Can a company award restricted stock to its consultants also? Further what would be the tax impact of it as there is no employer employee relationship between the company and the consultant? Also what be the tax implications on the consultant?
24 March 2009
ESOP is valued as difference in price on the date of exercise, between exercise price and market value. Even when it is given to consultant, it will be an amount paid for services and tax/tds will be payable as such.