Part DCASafe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC )
Fringe benefit tax valuation of specified securities must be determined by a merchant banker on the vesting date. For fringe benefit tax purposes, the fair market value of specified security not being an equity share is determined on the vesting date of the employee's ... Summary
Fringe benefit tax valuation of specified securities must be determined by a merchant banker on the vesting date.
For fringe benefit tax purposes, the fair market value of specified security not being an equity share is determined on the vesting date of the employee's option by a merchant banker on the specified date. The terms merchant banker and specified date have the meanings assigned in rule 40C(4).
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