Modi Government 3.0 presented the first full Budget on July 23, 2024. As a first full budget of the new coalition government, reforms were expected on several policy, tax and regulatory front. Keepi...
In a recent judgment, the Hon’ble Mumbai Income Tax Appellate Tribunal has considered the issue of taxability of employee stock options/ ESOPs in India for a non-resident taxpayer. Ritesh Kumar S and Urvi Asher examine the ruling and its implications on the manner in which ESOPs are taxed in the hands of foreign employees in India.
