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ITAT treats Flipkart employee’s ₹2.33 crore ESOP buyback payout as LTCG, not salary

Bengaluru ITAT ruled that Flipkart’s repurchase of an employee’s unexercised vested ESOPs is taxable as long-term capital gains, not salary perquisites, establishing a potentially significant tax precedent for ESOP exits.

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07:30 IST · 10 moves · what each means · free

Reported figures

From the report. Source details below

  • 2,653 vested stock options
  • ₹2.43 crore long-term capital gains

Other figures

  • ₹1.90 crore gross salary

The source

Source Read the source at ET Small Business

Published

Confirmed by Financial Express, Inc42

First seen

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Note Information, not investment advice. RetailIntel is not registered with SEBI.