Taxability of the perquisite on shares issued to employees at less than market price

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..... hares issued to the employees at less than market price. 2. The matter has been considered by the Board. The benefit does amount to a perquisite within the meaning of clause (iii) of sub-section (2) of section 17 of the Income-tax Act, 1961. The various situations in this regard have to be dealt with as under : (i) where the shares held by the Government have been transferred to the employee, .....

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..... shares have been offered. 3. The contents of this circular may be given wide publicity and brought to the notice of all the subordinate authorities under your charge for information and necessary action. (Sd.) Sanjay Puri, Under Secretary to the Government of India. - Circular - Trade Notice - Public Notice - Instructions - Office orders Tax Management India - taxmanagementindia - taxma .....

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