VittSphere ONE Calculators Blog CA Prabhakar Kumar · FCA · ICAI 560762
Case law › Rule 15 (Rules of 2026)

Rule 15 (Rules of 2026)

What section Rule 15 (Rules of 2026) does, and where it sits. This library holds no authority that turns on it.

No authority in this library turns on Rule 15 (Rules of 2026). That is a statement about this library and not about the law: it means no judgment, circular or instruction held here decides a point under it. What the provision does is explained below. If you are looking for a decision on it, say so through the search box — a provision people search for and we hold nothing on is the most useful thing we can be told.

Explained in this library

What rule 15 (rules of 2026) does, in plain English, before you read what the courts made of it.

Shares you are not allowed to sell: whether the restriction comes off the perquisite

The shares I received on exercise carry a lock-in and a right of first refusal. Does the restriction reduce the perquisite I am taxed on?

The figure in your Form No. 12BA is a rule figure, and the rule is short

My employer valued my stock options on a valuer's report. What does the valuation rule actually require, and how do I test the number?