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ESOP ---- FBT -- HIGHLY IMP.

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Lawyer
574 Points Posted on 31 January 2008

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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On 31 January 2008 at 15:38 Report
Replies (7)
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Lawyer
574 Points Posted on 01 February 2008
any ans. guys
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On 01 February 2008 at 13:18
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accountant
64 Points Posted on 01 February 2008
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
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On 01 February 2008 at 19:53
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Chartered Accountant
206 Points Posted on 02 February 2008
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
1 Reply
On 02 February 2008 at 11:21
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Practicing CA
308 Points Posted on 02 February 2008
FBT will be applicable to ESOP given to the employees even though he is not an INDIAN national.
1 Reply
On 02 February 2008 at 12:05
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Lawyer
574 Points Posted on 02 February 2008
thx guys
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On 02 February 2008 at 16:17
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DGM-F & A
1734 Points Posted on 07 February 2008
yes.Covere in FBT
2 Reply
On 07 February 2008 at 14:17
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Article
96 Points Posted on 27 February 2008
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.
2 Reply
On 27 February 2008 at 15:56


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