« Top Headlines » Open DEMAT Account in 24 hrs  Missed the ITR Deadline but TDS Refund Is Due? Here’s How You Can Still Claim Your Money  ITAT Cuts ?4.85 Lakh Penalty After ?14.02 Lakh Interest Income Was Missed in ITR  ITR filed under old regime, tax calculated under new regime; Delhi ITAT gives taxpayer relief  ITAT Delhi Quashes Tax Notice on AMU PG Student’s ?18.34 Lakh Stipend, Declares It Tax-Free Under Section 10(16)  Advance tax deadline September 15: What happens if you missed the previous instalment payment?  How much gold jewellery can you keep at home? Nagpur ITAT explains rules on ownership, gifts, taxability  ?5.31 lakh TDS refund allowed by ITAT Delhi: Why absence of an original ITR did not block the taxpayer  Missed the ITR Filing Deadline? How to Claim Your Income Tax Refund and Correct Mistakes Before December 31, 2026  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session)  GST Return Preparation & ITC Analysis with TallyPrime (Hinglish Session) «  Income Tax dept moves SC against Infosys... SC upholds Coke stand on taxing warehousing fee... » ESOPs guidelines expected by Sep 14 September, 11th 2007 The finance ministry is expected to issue the fair market valuation guidelines for employees stock option plans (ESOPs) by Friday.   If the valuation norms are not announced by then, the due date for paying advance fringe benefit tax (FBT) on ESOPs is likely to be extended beyond September 15. It is to be noted that September 15 is the due date for paying advance tax for the second quarter of the current financial year.   Companies will be paying advance tax on ESOPs for the first quarter along with the second quarter as they have not paid the tax in the first quarter due to the absence of valuation norms.   The law ministry is vetting the proposed valuation method and is expected to clear it by Friday, a source familiar with the development said.   If it is not cleared by Friday, chances are that the notification may come in the subsequent week.   The valuation method could be a mix of the Securities Exchange Board of Indias prescribed method for the valuation of listed shares and wealth tax rules applicable for unlisted shares for the valuation purposes, said Govardhan Purohit, executive director, PricewaterhouseCoopers.   The companies are awaiting the finance ministrys word in this regard.