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UNBELIEVABLE: Esop | History Defined

Employees exercising their ESOPs should know how a recent ITAT ruling will determine whether the benefit is taxed as perquisite or capital gains

A recent ITAT decision clarified ESOP repurchase taxation. The tax tribunal ruled that repurchased options are capital assets, not perquisites. This decision provides significant relief and clarity for employees and startups. Substance over form prevails, ensuring correct tax treatment regardless of filings. Employees should understand vesting, exercise, and repurchase rules…

The Economic Times

UK based employee sold ESOP worth Rs 26 lakh, declared Rs 1 lakh short-term capital loss, Income Tax dept treated it as unexplained gains; He fights and wins case in ITAT Mumbai

UK-based Indian employee sold 1,540 L&T Infotech shares for Rs 26 lakh which he had acquired through ESOPs, declared Rs 1 lakh short-term capital loss; Tax dept treated it as Rs 29.59 lakh unexplained gains; ITAT Mumbai rules in employee's favour. Read the article to know why.

The Economic Times

Zee shareholders approve Rs 3,143 crore promoter fund infusion, ESOP plan

Zee Entertainment shareholders have approved a Rs 3,143.5 crore preferential warrant issue to a promoter group entity, paving the way for higher promoter ownership of 23.79%. Investors also cleared the company's new ESOP scheme, aimed at boosting employee ownership as Zee strengthens its financial position and pursues future growth.

The Economic Times

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Reporting perquisite as capital gain in ITR by mistake resulted in Rs 6.63 crore penalty for a salaried employee; ITAT Mumbai granted him relief for this reason

Rs 6.63 crore penalty imposed on salaried employee for reporting perquisite as capital gains in ITR; ITAT Mumbai grants relief, says salaried employees may not be well versed in complex tax provisions. Read the story to know the full details.

The Economic Times

Flipkart announces $50 million Esop buyback: the biggest employee cashouts at startups so far

Indian startups are increasingly offering Esop liquidity programs to employees. Flipkart recently announced its second buyback event with a $50 million corpus. BrowserStack also provided liquidity to employees and early investors with a $125 million buyback. CoinDCX and Unacademy have also conducted significant ESOP buyback initiatives. These programs allow employees…

The Economic Times

Inside Zepto’s IPO filing — the key takeaways

Quick commerce platform Zepto has filed its updated draft papers for public listing, revealing detailed financials and operational metrics. Eyeing a July debut, Zepto's IPO is set to be a significant event, with the company planning to use proceeds for dark store expansion and technology investment.

The Economic Times

Millions of business owners are about to retire. They should sell to their employees

A once-in-a-generation wealth transfer is underway. There's a bipartisan tool to ensure that transition builds broader prosperity.

Fortune

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Concentrated Company Stock in Your ESOP? Waiting to Diversify Could Tank Your Retirement

Holding too much company stock can be disastrous — as Silicon Valley Bank and Kodak employees learned the hard way. The key is to diversify as soon as you can.

Kiplinger

The Surprising Divide Between MBO Ventures and Traditional Firms When Founders Compare Options

Founders sizing up transition paths often notice the landscape feels split between firms that hold fast to older ESOP playbooks and firms that build deals around strategy, financing, and flexibility

inkl

Why I sold my family’s century-plus-old company to my employees

As business owners, we don't need the last nickel. We should be open to sharing some of the wealth.

Fortune

I was sleeping in a Walmart parking lot. Now I own a company

Keith Dixon's life turned around after he joined an employee-owned company—and an employee stock ownership plan.

Fortune

How Much Retirement Income Could Your ESOP Generate?

This is how you turn the money in your Employee Stock Ownership Plan (ESOP) into a retirement nest egg, plus an example with actual numbers.

Kiplinger

Understand Your ESOP Benefit: The Diversification Option

You can sell your shares back to the company during your employment years, called diversification in ESOP terms. What are the pros and cons?

Kiplinger

Private equity is devouring the economy as boomer entrepreneurs exit—but a new approach to employee ownership can change that

When the employees become owners under an ESOP roll-up, they can directly increase the value of their stock by sharing best practices across companies.

Fortune

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Kiplinger

Should an ESOP Be Your Only Retirement Account?

When it comes to saving for retirement, diversification is critical. Consider building your nest egg with a combination of accounts in addition to an ESOP.

Kiplinger

Five Things Employee Owners Need to Know About Their ESOP

Participants in Employee Stock Ownership Plans, or ESOPs, can find answers here about contributions, finding out their ESOP’s value, timing of distributions and more.

Fortune

How America's 6th largest accounting firm is tackling a talent shortage

BDO USA, the sixth largest accounting firm in the U.S., announced a new employee stock ownership benefit in August.

Chicago Sun-Times

Clark-Devon Hardware finds the tools it needs to persist

A family company for 99 years, the business is now employee owned. Former owners Ed and Ken Walchak hope the reorganization will reward employees and respect the legacy of what their family built.

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St. Louis Post-Dispatch

Black officers group defends state control of St. Louis police, baffling former allies

ST. LOUIS — Earlier this year, two men who had long been at odds stepped to the lectern and together announced support for the state takeover of the St. Louis Police Department.

Bangkok Post

Ministry to probe executives' BCP shares

The Finance Ministry will investigate whether it was unethical for two of its senior executives to receive shares offered to them by SET-listed Bangchak Corporation Plc (BCP) under the company's employee stock ownership plan (Esop), said a ministry source who requested anonymity.

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