Fringe benefit valuation updated; employee stock option rules narrowed and pre and post employment receipts captured as taxable. The amendment increases a specified monetary ceiling, restricts taxable stock option benefits to plans offered under Central Government guidelines, adds a prescription for valuation of any other fringe benefit or amenity, and inserts a sub clause treating amounts due to or received by an assessee before joining or after cessation of employment as captured by the provision.
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Provisions expressly mentioned in the judgment/order text.
Fringe benefit valuation updated; employee stock option rules narrowed and pre and post employment receipts captured as taxable.
The amendment increases a specified monetary ceiling, restricts taxable stock option benefits to plans offered under Central Government guidelines, adds a prescription for valuation of any other fringe benefit or amenity, and inserts a sub clause treating amounts due to or received by an assessee before joining or after cessation of employment as captured by the provision.
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