Section 115WB amendment broadens employee benefit definitions, adds prepaid meal card qualification and lists welfare exclusions.

Amendment to Section 115WB clarifies that where employees' stock options are granted under any plan, the term includes securities offered under such plan; inserts a new sub-clause recognising expenditure on non-transferable prepaid electronic meal cards usable only at eating outlets; substitutes the Explanation to list specific items that shall not be considered employees' welfare expenditure (statutory obligations, occupational-hazard mitigation, employer-run first aid, cre che facilities, sponsorship of employee sportsmen, and organisation of sports events); and omits clause (K).

---

---

---