ESOP tax incidence likely to be deferred
THE Centre may consider according some relaxations to the existing tax treatment of the employees' stock option plan (ESOP) by permitting deferment of the incidence of taxation arising at the time of allotment of shares by a stipulated period or allowing employees to meet their tax liability by staggering payments.

Stop-transfer pleas -- HSE smells a rat, alerts supercat
THE Hyderabad Stock Exchange (HSE) has sounded the alarm bells after awaking last week to an incident that it feels could become a serious menace in the country's secondary market. It has urged the Securities and Exchange Board of India (SEBI) to amend t he good and bad delivery norms and also the listing agreement on a war-footing.

Elastic measure shows good tax compliance
DESPITE the estimated shortfall of Rs. 6,000 crores in Central tax revenues in the current fiscal, the Finance Minister, Mr. Yashwant Sinha, has every reason to be satisfied. There are clear indications that the overall tax compliance has drastically imp roved during the year.

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