Will STT Curbs Hit Esops?

The Economic Times - - Front Page -

In or­der to curb black-towhite money trans­ac­tions, the Bud­get made an amend­ment to Sec 10 (38). This means that a per­son hold­ing shares in an un­listed com­pany with­out pay­ing se­cu­ri­ties trans­ac­tion tax (STT), will have to pay long-term cap­i­tal gains tax. But an un­in­tended con­se­quence, ac­cord­ing to the In­dian Ven­ture Cap­i­tal As­so­ci­a­tion, is the im­pact it will have on em­ployee stock op­tions given out by star­tups.

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