The Central Board of Direct Taxes (CBDT) has constituted a five-member committee to examine the suggestions and issues on litigation management that emanated from a judicial conference held in January. Chirag Nangia, Director answers the weekly queries with regards to personal tax for DNA readers.

With just a day left for the Modi government’s pre-election budget, speculations are going around whether the Finance Minister would issue a full-fledged budget making some big-ticket announcements or simply follow the protocol of issuing interim budget. The budget scheduled to be presented on February 1, is being keenly awaited as it is expected that the government will put favorable measures in plate of the masses. Chirag Nangia, Director answers the weekly queries for Financial Express.

With just a day left for the Modi government’s pre-election budget, speculations are going around whether the Finance Minister would issue a full-fledged budget making some big-ticket announcements or simply follow the protocol of issuing interim budget. The budget scheduled to be presented on February 1, is being keenly awaited as it is expected that the government will put favorable measures in plate of the masses. Chirag Nangia, Director answers the weekly queries for DNA.

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.