Plz tell me About taxability of Employee Stock Option in an employee exercised ESOP after 1/4/09. and in whose hand it will be taxable. plz give an example
CA Gaurav Choradia (Relationship Manager ) (418 Points)
11 March 2010Plz tell me About taxability of Employee Stock Option in an employee exercised ESOP after 1/4/09. and in whose hand it will be taxable. plz give an example
Sumiti Jain
(FP)
(1364 Points)
Replied 11 March 2010
If the Employees’ Stock Option plan or scheme is in accordance with the guidelines issued by the Central Government, no perquisite value on account of stock option would be considered for taxation as perquisite under section 17(2) of the Income-tax Act, 1961 as it stood at the relevant time and vice versa.
Sumiti Jain
(FP)
(1364 Points)
Replied 11 March 2010
Amendment of section 17(2): With the withdrawal of fringe benefit tax, the incidence of tax on employees will be more from assessment year 2010-11. Section 17(2) shall be widened by three more clauses viz. clauses (vi), (vii) and (viii).
Poornima Srinivasan
(Junior trainee)
(330 Points)
Replied 11 March 2010
Visit the below site for some guidelines under SEBI for ESOP.
GSTR 9 and 9C for FY 23-24 as amended by Notification 12/2024 dated 10th July 2024(with recording)
CAclubindia
