Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: cpt :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: list of goods taxed at 4% :: Central Excise rule to resale the machines to a new company :: TDS :: TAX RATES - GOODS TAXABLE @ 4% :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARDS :: empanelment :: VAT RATES :: ACCOUNTING STANDARD :: due date for vat payment
 
 
News Headlines »
 Income tax dept notifies amendments for sharing taxpayer information
 Seven things you must do before 31st March
 Income Tax saving investments: Top 5 options available for high-income individuals
 How to use zero tax rule on long term capital gains on stocks
 GST Returns - Furnishing details of inward supplies
 5 ways to maximise you income tax return
 Income-tax (2nd Amendment) Rules, 2017
 Soon, Faster PAN, An App For Filing Tax Returns
 Changes in income tax return filing process
 New Income Tax Rates And Deductions Applicable From April 1, 2017
 Tax and transparencya

Govt to notify guidelines on ESOPs within a week
September, 26th 2007
After a delay of more than five months, the government is likely to notify within a week the guidelines for evaluating fringe benefit tax (FBT) on stock options given by companies to their employees.

"Finance Minister P Chidambaram has given his approval and the guidelines on ESOPs (employee stock options) will be notified in the next four-five days," official sources said.

Sources said the guidelines have been finalised and the ministry is now in the final stage of notifying them.

The guidelines will give a respite to the companies, which have been waiting for the past many months to find out the manner for calculation the liability under FBT.

Notably, Finance Ministry had to postpone earlier this month the last date for paying FBT on ESOPs to December 15, the date for paying the third instalment of advance tax. The Central Board of Direct Taxes (CBDT) has not so far finalised the method for determination of the fair market value.

With no guidelines on this, companies have been unable to pay the tax and so the date of paying advance FBT had been postponed. They would have to club the payment of three instalments of advance FBT in December.

The government had earlier postponed the date for paying the first instalment of FBT to September 15 from June 15.

Chidambaram had announced in this year's budget that ESOPs would now come under the FBT net. He had said the tax would have to be paid taking into account the fair market value of the stock options, for which the CBDT would come out with guidelines.
 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Custom Software Development Outsourcing Custom Software Development Offshore Cus

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