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?
India has reported 112,830 new Covid-19 cases in the last 24 hours. The total recoveries across the country so far are 3,36,55,842. According to the health ministry’s data, 14,667 patients recovered during the last 24 hours. The active caseload is currently at 1,59,272; with a cumulative total of more than 3.42 crore cases. The national recovery rate of Covid-19 has increased to 98.20%, which is the highest since March 2020 with 14,667 patients recovering during the last 24 hours till 8:00 am. The active cases account for less than 1% of total cases, currently at 0.46%.
The weekly positivity rate stood at 1.18%, less than 2% for the last 37 days. The daily positivity rate is 1.13%, less than 2% for the last 27 days
The testing capacity has also been substantially ramped up to 60.83 crore in the country.
India’s vaccination drive
Cumulative vaccine doses administered so far have reached 106.14 crore.
The new phase of universalisation of the vaccination programme commenced from June 21. Under the programme, the central government made inoculation free of cost for all adults. Vaccines were earlier free for people above 45 years of age.
According to the ministry, more than 70% of the deaths that have been reported are due to comorbidities.