Closing price on vesting day may fix FBT on Esops

Last updated: 20 July 2007 Follow on Google News

The finance ministry may settle for the closing price of shares of a listed company on the stock market on the day the scrips are vested with employees to decide valuations for the fringe-benefit tax (FBT). The ministry will soon issue guidelines on how to arrive at fair market value of shares g

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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