Which of the following is NOT CORRECT? Select one: a....
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Accounting
Which of the following is NOT CORRECT?
Select one:
a. A pension is regarded as an income and unless specifically exempted by law, is taxable item to the recipient.
b. Allotment of shares to employees do not receive favourable tax treatment in the hands of the employees nor are they a tax-deductible item to the company.
c. All gratuities are taxable by the IRB even for an employee at a compulsory retirement age
d. For share option scheme, the IRB assesses the benefit that arises to the employee at the time the option is granted and not at the time the option is activated
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