https://www.taxtmi.com/article/detailed?id=968 Following abolition of the fringe benefit tax, ESOP receipts are taxable as perquisites when an employer-employee relationship exists and as capital gains on sale. For retired persons not on payroll, amounts realized on allotted shares do not constitute salary but are taxable as income from other sources where no specific head applies, and as capital gains on transfer. Company ESOP expenditure is typically characterized as a revenue employee cost for deduction purposes. en-us Wed, 29 Sep 2010 13:01:52 +0530 Wed, 29 Sep 2010 22:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=968 Following abolition of the fringe benefit tax, ESOP receipts are taxable as perquisites when an employer-employee relationship exists and as capital gains on sale. For retired persons not on payroll, amounts realized on allotted shares do not constitute salary but are taxable as income from other sources where no specific head applies, and as capital gains on transfer. Company ESOP expenditure is typically characterized as a revenue employee cost for deduction purposes. Articles Income Tax Wed, 29 Sep 2010 13:01:52 +0530 https://www.taxtmi.com/article/detailed?id=968