SIR
my friend has recd stocks value rs 9 lakhs from his company and that amt has been included in his form 16 and tax deducted for it. can he get any tax exemption in this as he had recd it as only stocks and not money.pl explain in detail whether any other tax exemption can be claimed in this regard,
thank you
sujatha
After all its asset, taxable as perquisite. No exemption available.
thank you sir
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