Is ESOP (employee stock option plan) a 'fringe benefit' or a perquisite (salary)?
"Answer to this question should have held no terrors before the introduction of Finance Bill, 2007," says Mr V. Ranganathan, a Chennai-based chartered accountant. "Whether tomato is a fruit or a vegetable has been a vexed question, long eluding a botanic ally convincing reply, essentially due to forces of nature that made tomato what it is."
'Is the lawmaker in India invested with such supernatural qualities to cause such confounding that can have only one answer in any other part of the world?' he asks in return, and fumes: "It is a untoward act of distortion that ESOP has been characterise d as a 'fringe benefit'." Here's more that Mr Ranganathan has to say, in a quick interaction with Business Line.
Read more at The Hindu Business Line
