https://www.taxtmi.com/acts?id=49493 The amendment makes taxable the benefit from allotment or transfer of specified securities to an employee free or at a concessional rate, measuring value as the difference between fair market value and cost (cost treated as nil if no money paid). Securities allotted on exercise of an option are taxable in the year of exercise. Specified securities include employees' stock options and sweat equity shares, the latter defined as equity issued to employees or directors at a discount or for non cash consideration for providing know how, IP rights, or value additions. en-us Sat, 22 Feb 2025 10:50:29 +0530 Sat, 22 Feb 2025 10:50:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=49493 The amendment makes taxable the benefit from allotment or transfer of specified securities to an employee free or at a concessional rate, measuring value as the difference between fair market value and cost (cost treated as nil if no money paid). Securities allotted on exercise of an option are taxable in the year of exercise. Specified securities include employees' stock options and sweat equity shares, the latter defined as equity issued to employees or directors at a discount or for non cash consideration for providing know how, IP rights, or value additions. Act-Rules F. Acts / Amendment Acts Sat, 22 Feb 2025 10:50:29 +0530 https://www.taxtmi.com/acts?id=49493