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Tag Archives: Central Board of Direct Taxes

Tax impact of Flipkart, and not Walmart, buying ESOPs

Read more about how and when ESOPs are taxed and why it matters whether Flipkart buys the vested options or Walmart does After Flipkart’s acquisition by Walmart, many Flipkart employees may sell their vested Employee Stock Options (ESOPs). Walmart has also set aside $500 million (Rs3,363.88 crore) for buyback of shares and ESOPs from the existing and former employees of ... Read More »

Rs 2,000 crore untaxed income disclosed to I-T department

Central Board of Direct Taxes (CBDT) has referred 30 cases of serious irregularities to ED, CBI Almost a month after demonetization of old high value bank bills came into force , the Finance ministry said that around Rs 2,000 crore of unaccounted income was disclosed in a “swift” investigation carried out by the Income-Tax (I-T) department. A statement issued by ... Read More »