Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ACCOUNTING STANDARDS :: Central Excise rule to resale the machines to a new company :: form 3cd :: articles on VAT and GST in India :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: ARTICLES ON INPUT TAX CREDIT IN VAT :: list of goods taxed at 4% :: cpt :: empanelment :: ACCOUNTING STANDARD :: VAT RATES :: due date for vat payment :: VAT Audit
 
 
« News Headlines »
 Income tax returns (ITR) filing guide: 10 excellent tax-saving options other than Section 80C to save money
 TDS Rate Chart for AY 2018-19
 Last date to submit third installment of advance tax is December 15
 5 tax-saving funds that have given stellar returns in the past 5 years
 Find out which ITR Form is suitable for you
  Pr CIT vs. Baisetty Revathi (Andhra Pradesh High Court)
 What is income tax?
 Refund procedure initiated under GST
 Income tax returns (ITR) filing: How to get capital gains tax benefits on assets in own name
 7 avenues to help you save tax under Section 80C of Income Tax Act
 How to make income tax law less taxing

Outstanding stock options to bear the brunt of FBT
May, 03rd 2007

With the finance ministry deciding to retain employee stock option plans (Esops) under the fringe benefit tax (FBT), employers are gearing up to pass on the liability to the large number of employees who did not exercise their options before the March 31, 2007 deadline. According to the Budget proposal, employers will have to pay 33.99% FBT on stock option gains, but can deduct the amount from employees salaries.

FBT is applicable from April 1, 2007. Despite the fact that many companies encouraged employees to exercise their options before FBT came into play, as on March 31, the outstanding options of these companies run into crores of rupees.
 
Among IT companies, HCL has the highest number of outstanding options at 5 crore. The options, with a value of $7.2 million as on March 31, will vest in tranches from 2007 to 2012. Infosys, which pioneered Esops in India, has about 40 lakh options outstanding. The average exercise price is Rs 900 for the 1998 plan and Rs 1,100 for the 1999 plan, said V Balakrishnan, CFO, Infosys Technologies.

Similarly, Satyam Computers has 260 lakh outstanding options. Since many employees were not in a financial position to turn their options into shares at that stage, banks like SBI and IL&S came forward for funding, said a Satyam spokesperson.

Wipro has 125 lakh outstanding options and 30 lakh restricted stock units as of March 31.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Software Reengineering Software Re-engineering Software Reverse Engineering Software Reverse Development Software Change Modulation Software Conversion Software Re-creation Software Re-development

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions