Discount on shares allotted under Employee Stock Option Plan is allowable as revenue expenditure under Section 37(1).
Discount on shares allotted under Employee Stock Option Plan is allowable as revenue expenditure under Section 37(1). Issue Whether the discount on shares allotted to employees under an Employee Stock Option Plan (ESOP) qualifies as allowable revenue expenditure under Section 37(1) of the Income-tax Act. Facts The assessee-company issued shares to its employees under an… Read More »