Income from ESOPs granted to consultant taxable as capital gains though such consultant became employee afterward

INCOME TAX : Where at time stock option was provided to assessee, assessee was an independent consultant of company and there was no relationship of employer and employee between company and assessee, cashless exercise of option was a transfer of capital asset by way of a relinquishment/extinguishment of right in capital asset giving capital gainsINCOME TAX : Where at time stock option was provided to assessee, assessee was an independent consultant of company and there was no relationship of employer and employee between company and assessee, cashless exercise of option was a transfer of capital asset by way of a relinquishment/extinguishment of right in capital asset giving capital gainswww.taxmann.com Latest Case LawsRead More

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