Employee stock benefits exclusion from perquisite valuation for allotments under ESOPs clarifies tax treatment of securities. The amendment to section 17(2) excludes from perquisite valuation any benefit provided free or at concessional rate by a company to employees by allotment of shares, debentures or warrants under the Employees' Stock Option Plan or Scheme, and omits sub-clause (iiia), thereby changing the statutory treatment of such employee securities allotments.
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Provisions expressly mentioned in the judgment/order text.
Employee stock benefits exclusion from perquisite valuation for allotments under ESOPs clarifies tax treatment of securities.
The amendment to section 17(2) excludes from perquisite valuation any benefit provided free or at concessional rate by a company to employees by allotment of shares, debentures or warrants under the Employees' Stock Option Plan or Scheme, and omits sub-clause (iiia), thereby changing the statutory treatment of such employee securities allotments.
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