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Income Tax - Highlights / Catch Notes

Home Highlights November 2013 Year 2013 This

Fringe Benefit Tax (FBT) - FMV - ESOP - the average market price ...


Using Average Market Price for GDR to Equity Conversion Date as 'Cost of Acquisition' is Fair for FBT and ESOP.

November 8, 2013

Case Laws     Income Tax     AT

Fringe Benefit Tax (FBT) - FMV - ESOP - the average market price adopted as the 'prevailing price' on the date of conversion of GDRs into equity shares as the 'cost of acquisition' is reasonable and justifiable - AT

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