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NASSCOM says Budget 2021 should ensure ESOPs are taxed only when shares are sold

NASSCOM says Budget 2021 should ensure ESOPs are taxed only when shares are sold Sanchita DashJan 21, 2021, 18:07 IST Representative imagePixabay With Budget 2021 around the corner, India’s IT body NASSCOM has submitted its suggestions for startups which includes further tax relaxations for employee stock ownership plans. NASSCOM’s public policy head said that ESOPs should be taxed only when an employee sells the shares. During Budget 2020, Finance Minister Nirmala Sitharaman had said that ESOPs can be taxed within five years or when they leave the company or when they sell their shares, whichever is earliest.When India’s Finance Minister Nirmala Sitharaman announced tax relaxations for Employee Stock Ownership Plans (ESOPs) during Budget 2020, India’s entrepreneurs welcomed the decision. But one year down the line, they are having second thoughts.

What prospects for 2021? - Searchlight

What prospects for 2021? Social Share After the tumultuous year of 2020, what prospects are there for the peoples of this planet for 2021? Certainly if we look at this question primarily from economic and social angles, the answers will not be very encouraging, at least at this stage. After the ravages of the COVID -19 pandemic, it is tempting to dub the new year as “The year of the Vaccines”, with mass immunisation programmes already being put in motion in several countries. However, even in relation to this preventative measure there are still formidable challenges. Access to the vaccines has exposed the inequality in the world with those countries which can afford the vaccines gobbling up supplies leading to what the World Health Organisation (WHO) calls the emergence of “vaccine nationalism”. Poorer underdeveloped countries and their massive populations have to wait, hamstrung by the lack of financial resources and logistical capabilities.

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