https://www.taxtmi.com/acts?id=8459 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). en-us Fri, 29 Feb 2008 20:18:29 +0530 Sat, 03 May 2008 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8459 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). Act-Rules Bills Fri, 29 Feb 2008 20:18:29 +0530 https://www.taxtmi.com/acts?id=8459