Wednesday, 29 January 2014

When SC confirmed that shares issued under ESOP wasn't perquisite, any tax deducted from salary was

IT : In pursuance of order passed by Supreme Court that shares allotted to employees under Employees Stock Option Scheme did not amount to perquisite and, thus, there was no liability to deduct tax at source in respect of same, amount so deducted in case of assessee-employee on aforesaid ground was to be refunded alongwith interest


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