ESOPs, FDI TRANSACTIONS EXEMPTED FROM LTCG TAX
Central Board of Direct Tax (‘CBDT’) has exempted bona fide acquisition of securities on which the Securities Transaction Tax (‘STT’) is not paid. These transactions include Employee Stock Options (‘ESOPs’), Foreign Direct Investment (‘FDI’) and transactions which are approved by Supreme Court, National Company Law Tribunal (‘NCLT’), Securities and Exchange Board of India (‘SEBI’) or Reserve Bank of India (‘RBI’) from the Long Term Capital Gain Tax (‘LTCG’).
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