Section 83

Section 83(b) Election

A tax filing within 30 days of grant that allows employees granted stock to pay taxes on the grant date instead of on the date restrictions lapse. If an employee files the election, taxes are based on the fair market value on the grant date, with any future appreciation taxed as a capital gain. If the employee does not file an election, taxes are based on the fair market value on the date the restrictions lapse, which will be higher assuming the stock has appreciated in value.
References in periodicals archive ?
The petitioner has failed to prove that the electoral body substantially violated the principles enumerated above , Section 83 of the said Act further provides that to invalidate an election m, petitioner may prove that non-compliance with the principles in the law affected the results of the election," he saidThe judge said that allegations of voter bribery , violence and intimidation , as well as biasness by IEBC officials cited in the petition were mere hearsay that were not substantiated by any documentary evidence.
Section 83 states that between seven and 12 years a child can only commit an offence when he has attained 'sufficient maturity of understanding to judge the nature and the consequences of his conduct'.
But Justice Njoki Ndung'u said Constitution Section 83 was the epicentre of the petition and, hence, was applicable.
Summary: Mumbai (Maharashtra) [India], July 28 (ANI): The process for attachment of Islamic Research Foundation (IRF) president Zakir Naik's property has been initiated by the National Investigation Agency (NIA) under Section 83 of the Code of Criminal Procedure (CrPC).
According to NIA, the order declaring Naik - who enjoys a NRI status - a proclaimed offender was issued on July 21 after which the process to attach his assets started under the Criminal Procedure Code's Section 83.
The officers shall exercise the powers of Magistrate First Class in respect of the offences punishable under Section 80, Section 82A, Section 83, Section 84, Section 85, Section 86 and Section 87 (1) of the Representation of the People Act, 1976.
One involves transfers of property in exchange for services, under Section 83.
The aforesaid officers shall exercise the powers of Magistrate First Class in respect of the offences punishable under section 80, section 82A, section 83, section 84, section 85, section 86 and section 87(1) of the Representation of People Act 1976, take cognizance of any such offence under any of the clauses of sub-section (1) of section 190 of the said code of the criminal procedure and try such an offence in a summary way in accordance with the provisions of the aforesaid Code relating to summary trial.
11) Section 83 used to prohibit combative sporting competitions if they fell under the Section 83(2) definition of "prize- fight".
Service Tax-Vide section 83, Section 35F of the Central Excise Act is already applicable to service tax.
Destruction of campaign posters is a violation of Article 10, Section 83 of the Omnibus Election Code of the Philippines.
If you're awarded restricted stock before the end of 2012, and it's looking like your tax rate will go up in the future, the benefits of a Section 83 (b) election may be more likely to out weigh the potential disadvantages.

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