ESOP share discounts treated as staff welfare, deductible u/s 37(1) of Income Tax Act.

ESOP share discounts treated as staff welfare, deductible u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=58627 Expenditure incurred in respect of ESOP (Employees Stock Option Programme) - the employees have been given shares of the holding company at a discounted price and the assessee has borne the discount amount on behalf of its employees. - Hence, in effect, it is a staff welfare programme of the assessee and hence the same is allowable as deduction u/s 37(1) - AT en-us Sat, 03 Jul 2021 23:25:57 +0530 Sat, 03 Jul 2021 23:25:57 +0530 TaxTMI RSS Generator ESOP share discounts treated as staff welfare, deductible u/s 37(1) of Income Tax Act. https://www.taxtmi.com/highlights?id=58627 Expenditure incurred in respect of ESOP (Employees Stock Option Programme) - the employees have been given shares of the holding company at a discounted price and the assessee has borne the discount amount on behalf of its employees. - Hence, in effect, it is a staff welfare programme of the assessee and hence the same is allowable as deduction u/s 37(1) - AT Highlights Income Tax Sat, 03 Jul 2021 23:25:57 +0530 https://www.taxtmi.com/highlights?id=58627