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Income Tax - Highlights / Catch Notes

Home Highlights October 2017 Year 2017 This

Expenditure on ESOP - By undertaking to issue shares at a ...

Income Tax

October 1, 2017

Expenditure on ESOP - By undertaking to issue shares at a discount, the company does not pay anything to its employees but incurs the obligation of issuing shares at a discounted price at a future date. This is nothing but "expenditure" u/s 37(1)

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