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Tax Treat ment OF ESOP

This query is : Resolved 

08 February 2008 Dear Sir,

I want your opinion on following Query related to ESOP of unlisted company from you.

1.Employee Compensation expenses i.e. deferred expenses (difference of FMV and exercise price) on the issue of ESOP, is allowed as expenses under Income Tax and when it is allowed?
2.AS 22 is applicable on such expenses?
3.Who is the independent valuer for this purpose?


Sanjay Kr. Sharma



08 February 2008 Please Reply ASAP



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