Tax alert: One-time voluntary payment in relation to ESOP, a capital receipt, not a taxable perquisite has been saved
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Tax alert: One-time voluntary payment in relation to ESOP, a capital receipt, not a taxable perquisite
10 July 2024
The Delhi High Court has rendered its decision that one-time voluntary payment in the form of compensation for diminution in value of unexercised employee stock options (ESOPs) would be capital receipt and not taxable as ‘perquisite’, under section 17(2)(vi) of the Income-tax Act, 1961.
