Hi All, Here is a very good PPT about Fringe Benefit Tax on ESOPs. Thanks, Usha
From India, Hyderabad
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From India, Hyderabad
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Hi Roopa,
Will you please clearly explain to me what exactly you are looking for? If your company is an MNC and your Indian company is a subsidiary company, then the foreign company is treated as an unlisted company in India. If your company is NASDAQ listed, it will be treated as an unlisted company here.
I am also attaching the FBT notification from the Income Tax department. Let me know if you have any questions, or you can send your request to my personal email: usha_bitra@rediffmail.com.
Thanks,
Usha
From India, Hyderabad
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Will you please clearly explain to me what exactly you are looking for? If your company is an MNC and your Indian company is a subsidiary company, then the foreign company is treated as an unlisted company in India. If your company is NASDAQ listed, it will be treated as an unlisted company here.
I am also attaching the FBT notification from the Income Tax department. Let me know if you have any questions, or you can send your request to my personal email: usha_bitra@rediffmail.com.
Thanks,
Usha
From India, Hyderabad
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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
From India, Bangalore
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2Thank 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
From India, Bangalore
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Latest Hand book on FBT Sep.2008.pdf
Gratuity - Taxation Issues.docx