Hello Friends,
Please let me know whether Sheres received under ESOPs schmes are taxable under Salary Head(at employees part) or not, as FBT is no more applicable?
If Yes what is the tax treatment under Salary head. also i need to know what's the tax treatment under Capital Gain.
Arun Mazumdar,
Jaipur
Executive-Accounts & Finacne
SKS Microfinance Ltd.
Under salary head u ll have to pay perquisite ... And when u sell the ESOP shares in the market..U ll have to pay Capital gain ... Sale considrn - COA( Fare Markt value on date of exercise of option)
For Tax Treatement,please read schedule of Securities and Exchange Board of India (Employee Stock Option Scheme and Employee Stock Purchase Scheme) Guidelines, 1999.
Regards
it should be shares not sheres - Arun
CAclubindia
