FBT cutoff: Esops get April Fool's Day surprise

Last updated: 24 April 2007

COMPANIES hoping to escape the fringe benefit tax (FBT) on employee stock option plans (Esop) by allotting shares to their employees ahead of the government notification are in for a rude shock. The tax will be applicable from April 1, 2007, and, therefore, companies that have allotted shares un
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