Tax alert: One-time voluntary payment in relation to ESOP taxable, as perquisite has been saved
Article
Tax alert: One-time voluntary payment in relation to ESOP taxable, as perquisite
21 August 2024
The Madras High Court has rendered its decision that one-time voluntary payment in the form of compensation in relation to diminution in value of unexercised employee stock options (ESOPs) would be taxable as ‘perquisite’ under section 17(2)(vi) of the Income-tax Act, 1961.
