https://www.taxtmi.com/acts?id=7108 Fair market value of specified security or sweat equity share, being an equity share in a company, is determined on the date the employee's option vests. For listed shares, the value is generally the average of opening and closing prices on the vesting date, with special rules for multiple exchanges and no-trading situations. For unlisted shares, value is determined by a category I merchant banker on the specified date. The rule also defines opening price, closing price, recognised stock exchange, merchant banker, and specified date. en-us Sat, 19 Jan 2008 22:45:54 +0530 Wed, 20 May 2026 17:04:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7108 Fair market value of specified security or sweat equity share, being an equity share in a company, is determined on the date the employee's option vests. For listed shares, the value is generally the average of opening and closing prices on the vesting date, with special rules for multiple exchanges and no-trading situations. For unlisted shares, value is determined by a category I merchant banker on the specified date. The rule also defines opening price, closing price, recognised stock exchange, merchant banker, and specified date. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7108