In a recent case before the Bangalore Tribunal, an employee had been granted Esops at different points of time by his employer’s holding company. These had not been exercised by the employee, though Esops had vested. The holding company entered into an option transfer agreement with the employee, transferring Esops held by the employee to the holding company. Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA readers.

In a recent case before the Bangalore Tribunal, an employee had been granted Esops at different points of time by his employer’s holding company. These had not been exercised by the employee, though Esops had vested. The holding company entered into an option transfer agreement with the employee, transferring Esops held by the employee to the holding company.

In a recent case before the Bangalore Tribunal, an employee had been granted Esops at different points of time by his employer’s holding company. These had not been exercised by the employee, though Esops had vested. The holding company entered into an option transfer agreement with the employee, transferring Esops held by the employee to the holding company.

The India-Hong Kong DTAA was signed on March 19 this year and came into force on November 30 after the governments of India and Hong Kong completed the relevant procedures required by their laws. Now, the Indian government on December 21 notified the DTAA, giving effect to the provisions of the tax treaty throughout the country. Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA readers.