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Tag: Tax consultancy firm in India

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Impediments to Income Tax Act for assessment year 2019-20

The thrust of framing amendments in Income Tax Act (“IT Act”) was on social infrastructure, ease of living, and technology-led governance aiming at inclusive and equitable growth which means greater public expenditure.  With the following trends of market, IT Act ought to be updated from time and onwards. Following are the amendments made to the

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How ESOPs are taxed in India

ESOP refers to an option given to employees of a company to purchase shares of the company, in return of his dedicated services to the company, at a future date at a pre-determined price. Employees have to wait for a certain duration before they can exercise the right to purchase the shares. This duration is

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