Employee stock options and non-transferable meal cards: amendment expands taxable securities and narrows welfare perquisites The amendment expands the definition of securities under section 115WB to include securities issued under employee stock option plans. It also inserts a new exclusion for employer-provided non-transferable prepaid electronic meal cards usable only at eating outlets, and substitutes the Explanation to exclude certain employer expenditures-statutory obligations, occupational hazard mitigation, first aid in employer medical facilities, cre che services, sponsoring employee sportsmen, and organising employee sports-from being treated as expenditure for employees' welfare; clause (K) is omitted.
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Employee stock options and non-transferable meal cards: amendment expands taxable securities and narrows welfare perquisites
The amendment expands the definition of securities under section 115WB to include securities issued under employee stock option plans. It also inserts a new exclusion for employer-provided non-transferable prepaid electronic meal cards usable only at eating outlets, and substitutes the Explanation to exclude certain employer expenditures-statutory obligations, occupational hazard mitigation, first aid in employer medical facilities, cre che services, sponsoring employee sportsmen, and organising employee sports-from being treated as expenditure for employees' welfare; clause (K) is omitted.
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