As per Budget Announcement 2020-2021 : In the case of startups, employees possessing Employee Stock Option Plans (ESOPs) may defer paying taxes up to five years from the time of exercise, till the time they leave the startup, or until they sell their shares, whichever is earlier.
Is it exempt for that period or taxable for span of five years please clarify???
as per budget 2020-21 the change in taxability of ESOP is defer the tax means you have to pay tax later not on date of transfer so you can say that it is deferment not exemption, still you have an option to pay it later as in your query it is written, up to five years from the time of exercise, till the time they leave the startup, or until they sell their shares, whichever is earlier.
AJAY SINGH AND CO LLP
Thane
CA Final
View Details
RMA And Associates LLP
New Delhi
CA Inter
View Details
HKC | Chartered Accountants & Business Advisors
Ludhiana
CA
View Details
CCI
Pro
CAclubindia
