My client got 100 Shares (ESPP - Employee Stock Purchase Plan) allocated at 33$ per share.
On 31st January 2014, he got 100 shares allocated. And at that time, the rate of share was 50$ per share. So his company assumed he will be earning 17$ per share = 1700$ profit and in the January's Salary they added this 1700$ (85,000) in his taxable income under perquisites u/s 17(2).
(This information is shown in Form 16 provided by the employeer)
(This information is NOT showin in Form 26AS, and income shown is without perquisites there)
He didn't sell the shares yet. My query is, how can he get the refund for the TDS for the perquisites or in other words, how do I need to file his return in order to get the income tax refund?
Any help is appreciated!
CAclubindia
