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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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, there will be no perqu .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X