FBT

Tax queries 384 views 3 replies

swapnil

CA Final

598 Points Joined August 2010

1. Can any body tell me, the FBT has been withdral from which date, because if FBT is withdraw in mid of the F.Y.2009-10, than can any body give the list which can issue by ICAI regarding the Perquisites is taxable to the employees under salary

2. what is a treatment to ESOP, if employees has paid some part of money to employer under ESOP, and soppose employees has sales this shares, than what will be cast of this shares at the time of sale consideration.

thanks 4 sharing with us, and best of luck,

Replies (3)

CA Himanshu Bansal

Risk Manager

2345 Points Joined April 2008

Regarding your Question No. 2,

If an employee is issued Shares under ESOP at price lower than market rate (concessional), then value of perquisite will be the " (Market Rate - Concessional Rate) x No of shares. "

And any gain on sale of these shares will be subject to capital gains.