Hi Roopa,
Thank you very much, Usha. Let me briefly explain, Ours is an IT company and yes, an MNC (headquarters in California), and this is a subsidiary registered under the Karnataka Shops and Commercial Establishments Act. Although the parent company is not listed, so far, we have been offering Pre-IPO stocks to our employees. Some of them have been exercising the grants as and when they are vesting. My question is, would FBT be applicable to these stocks, and if yes, how?
I hope my query was clear enough. My email ID is rreddy@razamicro.com.
Thanks and Regards,
Roopa