INCOME TAX EXEMPTION FOR STOCKS RECD

suja pirama (133 Points)

09 July 2022  

SIR

my friend has recd stocks value rs 9 lakhs from his company and that amt has been included in his form 16 and tax deducted for it. can he get any tax exemption in this as he had recd it as only stocks and not money.pl explain in detail whether any other tax exemption can be claimed in this regard,

thank you

sujatha