Tips to save IPO listing gains tax!
In the years 2023 and 2024, many IPOs brought huge earnings for the investors. But tax also has to be paid on this! What is the tax rule on booking listing gains from IPO? How can tax liability on listing gains be reduced? How will the tax be calculated on selling IPO shares?
Information Technology stocks were trading in the green, with the S&P BSE IT Sector index increasing 252.58 points or 0.95% at 26978.07 in the morning trade.
Among the components of the S&P BSE IT Sector index, Datamatics Global Services Ltd (up 6.9%), Oracle Financial Services Software Ltd (up 4.65%), TVS Electronics Ltd (up 4.08%), Brightcom Group Ltd (up 3.59%), Firstsource Solutions Ltd (up 3.36%), were the top gainers. Among the other gainers were Intellect Design Arena Ltd (up 2.92%), Sasken Technologies Ltd (up 2.32%), Nucleus Software Exports Ltd (up 2.3%), Hinduja Global Solutions Ltd (up 2.18%), and Tata Elxsi Ltd (up 1.69%).
On the other hand, Majesco Ltd (down 4.94%), NIIT Ltd (down 3.87%), and HCL Infosystems Ltd (down 3.59%) turned lower.
At 09:48 IST, the S&P BSE Sensex was up 26.49 or 0.05% at 50390.45.
The Nifty 50 index was up 3.45 points or 0.02% at 14913.9.
The S&P BSE Small-Cap index was up 13.45 points or 0.06% at 21175.95.
The S&P BSE 150 Midcap Index index was down 16.8 points or 0.24% at 6936.71.
On BSE,1094 shares were trading in green, 1025 were trading in red and 99 were unchanged.
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