People who joined from CS and was offered UBS stock option post merger, how is that reflected in Form 16? ( India location)

I see the whole stock option amount reflected in Form 16 as income ( under section 12BA). But I have not encashed it. So why it is reflected as income. Is this same for others ? I have raised a query but have not received the reason of this.

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Have you raised a ticket via AshHr? They should be able to answer this.

Also trying raising in goto/hgs

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Don't let them close the ticket. Ask them for an explanation

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Sorry this is a question unrelated to yours. I recently joined UBS as external hire. And a lot of my teammates are transfers from CS. What is the transfer exactly? Isn’t UBS the only entity now? Or do you guys transfer from CS projects to UBS for better visibility and opportunities? What is the purpose and benefits of this transfer? Is there some pay hike similar to when you switch jobs?

To give you some context, UBS and CS were merged in June 2023. Legal entities (UBS India and CS India are two separate entities) were merged only recently as it's a slow process w.r.t compliance and all. The CS employees under CS LE need to be transferred as UBS employees under UBS LE - as you rightly said it's one UBS, there is no pay hike or anything just a transfer to ensure that person becomes a UBS employee.

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