The Central Board of Direct Taxes (CBDT) has provided relief for genuine transactions through which shares were acquired without paying the securities transaction tax (STT). According to final regulations released on Tuesday, the board provided exemptions for employee stock options (ESOPs) and duly approved mergers and acquisitions (M&As).
Rakesh Nangia, Managing Partner and Amit Agarwal, Partner share their views on aforementioned story for following publications:
- Hindu Business Line
- Indian Express
- Financial Express
- The Hindu
- The Telegraph
- Financial Chronicle- Front page story
- PTI