Whether exersice of ESOPs by employees are reported in AIR being right issues?
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Replies (3)
Dear Mohit Sir,
No, such transaction will not be required to be furnished in AIR...
Best Regards,
CA Lovely Arora
ca.lovelyarora @ gmail.com
I need a reasoning for this because ESOPs are treated as right issues. As per Rule 114E - A company issuing shares through a public or rights issue needs to be reported in AIR.
Dear Mohit Sir,
I think the ESOP (being taxable perquisite in the hands of employee u/s 17(2)(vi)) shouldn't be treated like other right issue.. though the nature is as of right shares... however, it is not a kind of investment in public issue or right issue, that the Dept. requires from the person..
i think, the investment in ESOP by Employee should be differentiated from the Investment in right issue by the shareholders... for the purpose of AIR..
i think, the investment in ESOP by Employee should be differentiated from the Investment in right issue by the shareholders... for the purpose of AIR..
I stated no, keeping the above words in mind.. however, it is always best practice to confirm it from other friends... might that have a different/same view...
Best Regards,
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