Tuesday, September 4, 2018

Taxability of ESOP in hands of employee's arises on date of allotment & not on date of exercise of option

IT: Perquisite tax on 'Employee Stock Option Plans' arises in hands of employees, on date of allotment of shares and not on date of exercise of option

from www.taxmann.com Latest Case Laws https://ift.tt/2CgImoh

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AO can’t disallow cost of improvement merely relying on enquiries made with assessee’s neighbour: ITAT

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