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?
Metal stocks were trading in green, with the S&P BSE Metal index increasing 464.31 points or 3.29% at 14557.8 at 09:48 IST
Among the components of the S&P BSE Metal index, National Aluminium Company Ltd (up 6.43%), Tata Steel Ltd (up 5.32%),JSW Steel Ltd (up 4.7%), Jindal Steel & Power Ltd (up 4.36%), Hindalco Industries Ltd (up 3.07%), were the top gainers. Among the other gainers were Hindustan Zinc Ltd (up 2.82%), Steel Authority of India Ltd (up 2.22%), NMDC Ltd (up 1.91%), Vedanta Ltd (up 1.72%), and Coal India Ltd (up 0.59%).
At 09:48 IST, the S&P BSE Sensex was up 296.46 or 0.59% at 50593.35.
The Nifty 50 index was up 85.35 points or 0.57% at 15004.45.
The S&P BSE Small-Cap index was up 232.61 points or 1.12% at 21038.85.
The S&P BSE 150 Midcap Index index was up 71.56 points or 1.03% at 6992.84.
On BSE,1598 shares were trading in green, 632 were trading in red and 105 were unchanged.
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