Specified security definition clarifies inclusion of securities and employee stock options under tax provision for taxation purposes. The definition of specified security treats it as securities as defined under the Securities Contracts (Regulation) Act and, where employee stock options have been granted under any plan or scheme, includes securities offered under such plan or scheme for the purposes of the tax provision.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Specified security definition clarifies inclusion of securities and employee stock options under tax provision for taxation purposes.
The definition of specified security treats it as securities as defined under the Securities Contracts (Regulation) Act and, where employee stock options have been granted under any plan or scheme, includes securities offered under such plan or scheme for the purposes of the tax provision.
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