https://www.taxtmi.com/circulars?id=3319 Fringe Benefit Tax applies to allotment or transfer of specified securities and sweat equity shares to employees, with taxable value equal to the Fair Market Value on the date of vesting minus any amount paid or recovered from the employee. Rule 40C prescribes FMV determination-listed shares use average opening and closing prices (or highest-volume exchange), unlisted shares require valuation by a SEBI-registered Category I Merchant Banker on a specified date within 180 days of vesting. Cost of acquisition for capital gains is the FMV used for fringe benefit computation and holding period runs from the date of allotment or transfer. en-us Thu, 20 Dec 2007 00:00:00 +0530 Tue, 15 Jul 2008 10:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=3319 Fringe Benefit Tax applies to allotment or transfer of specified securities and sweat equity shares to employees, with taxable value equal to the Fair Market Value on the date of vesting minus any amount paid or recovered from the employee. Rule 40C prescribes FMV determination-listed shares use average opening and closing prices (or highest-volume exchange), unlisted shares require valuation by a SEBI-registered Category I Merchant Banker on a specified date within 180 days of vesting. Cost of acquisition for capital gains is the FMV used for fringe benefit computation and holding period runs from the date of allotment or transfer. Circulars Income Tax Thu, 20 Dec 2007 00:00:00 +0530 https://www.taxtmi.com/circulars?id=3319