The company has around 1,700 employees, and its ESOP pool holds around 1.5% stake. Following the purchase of Sachetis 27.18% stake in CaratLane, Titan will hold a 98.28% stake in the company.
he employer only takes care of the tax liability via TDS at the time of vesting. Any tax liability for dividend received and capital gains at the time of sale should be dispensed by the employee via advance tax payment.
The department-related Parliamentary Standing Committee on Commerce has expressed concern about the low utilisation of section 80-IAC of the Income Tax Act, 1961, which entitles eligible startups to avail the tax benefit. It was implemented in 2017.