Hi all,
Indian Company under ESOP give shares to employee who is US citizen.
Querruy : - Is this (give shares to US citizen) liable to FBT ?
Thx nd Regards
Sachin Sharma
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ESOP ---- FBT -- HIGHLY IMP.
Replies (7)
any ans. guys
Hi,
Allotment of securities to employees
directly or indirectly under ESOP falls within the
scope of this provision 115WB (1) (a).. But, as there is no specific provision in section 115WC to value this, such shares, debentures or warrants shall not be liable to fringe benefit tax.
With regards
jagadish
Allotment of securities to employees
directly or indirectly under ESOP falls within the
scope of this provision 115WB (1) (a).. But, as there is no specific provision in section 115WC to value this, such shares, debentures or warrants shall not be liable to fringe benefit tax.
With regards
jagadish
As per the latest circulation by CBDT such ESOP will fall under he preview of FBT and company alloting the shares will be liable to pay FBT
FBT will be applicable to ESOP given to the employees even though he is not an INDIAN national.
thx guys
yes.Covere in FBT
As per the latest circulation by CBDT such ESOP will fall under he preview of FBT and company alloting the shares will be liable to pay FBT even the employee of company NRI.
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