Thursday, January 14, 2021

Dubai-based executive ordered to pay ESOP-tax in India

In a recent order, the ITAT bench, comprising Pramod Kumar, vice-president, and Saktijit Dey, judicial member, rejected the contention of the HDFC Bank employee that the ESOPs related to employment in Dubai and the income (perquisite value) did not accrue or arise in India and hence was not taxable in India.

from Personal Finance News-Wealth-Economic Times https://ift.tt/3bGYrU4

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