Tax deduction timing for startup equity perquisites deferred until the earliest of holding period expiry, sale, or employment cessation.

A new sub section (1C) to section 192 requires an eligible start up issuing specified securities or sweat equity shares as perquisites to deduct or pay tax within fourteen days after the earliest of the holding period expiry, sale of the security by the employee, or the employee ceasing employment, with tax computed at rates applicable to the financial year of allotment or transfer.

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