FBT cutoff: Esops get April Fool's Day surprise

Last updated: 24 April 2007 Follow on Google News

COMPANIES hoping to escape the fringe benefit tax (FBT) on employee stock option plans (Esop) by allotting shares to their employees ahead of the government notification are in for a rude shock. The tax will be applicable from April 1, 2007, and, therefore, companies that have allotted shares un

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CCI News Desk

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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