Tax incidence of ESOP on company
This query is : Resolved
23 May 2008
Is the expenditure recorded in books of the company at the thime of grant of options (Market Price - Exercise Price)is a tax deductible expenditure ?
If yes then at wht point of time
1. At the time of grant or
2. At the time of exercise of options?
If no, then is there any CBDT circular , ITAT ruling to that effect? Pls give details / refernce.
If yes then at wht point of time
1. At the time of grant or
2. At the time of exercise of options?
If no, then is there any CBDT circular , ITAT ruling to that effect? Pls give details / refernce.
24 May 2008
Hi Anmol,
Under the Income Tax Act there is no concept of notional expenditure. Sec.37 of the Act allows expenditure only when it has been actually incurred. So there is no question of allowing such expenditure.
Under the Income Tax Act there is no concept of notional expenditure. Sec.37 of the Act allows expenditure only when it has been actually incurred. So there is no question of allowing such expenditure.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- CG Tax On residential property
- Post Office RD Interest
- Applicable TDS for Purchase of Flat from NRI
- Eway bill for machinery reparing
- Building and other construction workers welfare cess act 1996
- Gift of mutual fund units to daughter
- ITR 3 FILING OF AN INDIVIDUAL (PARTNER IN A PARTNERSHIP fIRM)
- Bank Accounts in Balance Sheet for ITR 3
- Form 10BD Filling
- TDS ON CASH WITHDRAWALS...
- Pan Card apply for Self help group
- Reporting of STCG on Property in ITR
- Error while filling exam form November 2026
- Delisted shares sold in off market/ Rebate u/s87A
- In Exports Sales HSN details where to fill
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
