Hi all,
Indian Company under ESOP give shares to employee who is US citizen.
Querruy : - Is this (give shares to US citizen) liable to FBT ?
Thx nd Regards
Sachin Sharma
7 Replies
jagadish
(accountant)
(64 Points)
Replied 01 February 2008
Hi,
Allotment of securities to employees
directly or indirectly under ESOP falls within the
scope of this provision 115WB (1) (a).. But, as there is no specific provision in section 115WC to value this, such shares, debentures or warrants shall not be liable to fringe benefit tax.
With regards
jagadish
Allotment of securities to employees
directly or indirectly under ESOP falls within the
scope of this provision 115WB (1) (a).. But, as there is no specific provision in section 115WC to value this, such shares, debentures or warrants shall not be liable to fringe benefit tax.
With regards
jagadish
Sanjay Dugar
(Chartered Accountant)
(206 Points)
Replied 02 February 2008
As per the latest circulation by CBDT such ESOP will fall under he preview of FBT and company alloting the shares will be liable to pay FBT
Sohil Ganeriwala
(Practicing CA)
(308 Points)
Replied 02 February 2008
FBT will be applicable to ESOP given to the employees even though he is not an INDIAN national.
sandhya
(Article)
(96 Points)
Replied 27 February 2008
As per the latest circulation by CBDT such ESOP will fall under he preview of FBT and company alloting the shares will be liable to pay FBT even the employee of company NRI.
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