ESOPs granted to a consultant is a capital asset; income there from is taxable under head capital gains

INCOME TAX : Where at time stock option was provided to assessee, assessee was an independent consultant of company and there was no relationship of employer and employee between company and assessee, cashless exercise of option was a transfer of capital asset by way of a relinquishment/extinguishment of right in capital asset giving capital gains

from www.taxmann.com Latest Case Laws https://ift.tt/3pjmuMl