How cos Bill will affect employee benefit schemes

Sep 17 2013, 12:41 IST
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SummaryThe much-awaited Companies Bill 2012 — passed by the Lok Sabha in December 2012 — has been approved by the Rajya Sabha.

is applicable to ESOS.

So, under the proposed Bill with everything being left open under the cover of ‘to be prescribed’, it would be a wait-and-watch approach wherein the suspense would unfold once the draft rules are prescribed. The same are expected to be rolled out for public opinion once the Bill receives its assent from the President.

The writer is senior tax professional, EY. Views expressed are personal.

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