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?
The Covid-19 pandemic may have uprooted beliefs and age-old practices but has failed to dampen our collective compassion quotient.
The CAF World Giving Index data is a vindication of this belief, where India is ranked among the top-15 countries.
The index measures countries by proportion of population giving rather than how much they give.
Despite the pandemic-induced challenges, India has outshone western countries, thereby once again displaying its resilience.
Indonesia remains in the first place, followed by Kenya. Four African nations are in the top-10 with three of them (Nigeria, Ghana and Uganda) featuring in that elite list for the first time. Most of the western countries, which are usually in the top-10, have slipped in the rankings.
The improvement in India’s ranking is seen across all the age groups and amongst both men and women.
The report noted that 61% of Indians helped strangers while 36% donated money.
Many individuals, volunteers, NGOs, RWAs, spiritual and other community institutions have helped citizens get through this crisis period.
It is heartening to see that people are generously contributing money and time to various causes — especially in these times.
We may or may not become a superpower in the future, but we must never divorce our core DNA of caring and sharing.