News & Media 12th Jan 2024
Under the Income Tax Act of 1961, ESOPs are taxed twice — first when employees exercise their stock options, and again when they sell their shares. Although Union Finance Minister Nirmala Sitharaman will be presenting the Interim Budget ahead of the scheduled Lok Sabha elections in May, startups and experts feel that the government should offer clarity on ESOP taxation to benefit start-up employees.
Basudha Das from Business Today writes on Budget 2024: Will the government revise taxes on employee stock ownership plans? with expert comments from Rahul Charkha, Partner, Economic Laws Practice.