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    <title>PRESS NOTE:- EXTENSION OF DUE DATE OF PAYMENT OF THE FIRST AND SECOND INSTALLMENT OF ADVANCE FBT ON ESOPS</title>
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    <description>Fringe Benefit Tax applies to specified securities and sweat equity shares provided by an employer, valued at fair market value on vesting less amounts paid by the employee, with fair market value to be determined by a Board-prescribed method. Because that valuation method was not yet prescribed, the Board deferred the payment dates for the first and second advance installments of tax relating to such fringe benefits, allowing those installments to be paid on or before the third-installment due date once the valuation method is finalized.</description>
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      <description>Fringe Benefit Tax applies to specified securities and sweat equity shares provided by an employer, valued at fair market value on vesting less amounts paid by the employee, with fair market value to be determined by a Board-prescribed method. Because that valuation method was not yet prescribed, the Board deferred the payment dates for the first and second advance installments of tax relating to such fringe benefits, allowing those installments to be paid on or before the third-installment due date once the valuation method is finalized.</description>
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