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?
A hero is an ordinary individual who finds the strength to persevere and endure in spite of overwhelming obstacles, said Christopher Reeve. Over the past 70 years, many national awards became Delhi-centric and often bagged by those with the ‘right connect’. The selection criteria have been frequently criticised on the grounds that many deserving candidates were left out while certain individuals have been unduly favoured. But that is about to change. Prime Minister Narendra Modi on July 11 asked citizens to submit names of ‘inspiring’ people for ‘Padma Awards’.
The awards seek to recognise ‘work of distinction’ and is given for distinguished and exceptional achievements/service in all fields/disciplines, such as art, literature and education, sports, medicine, social work, science and engineering, public affairs, civil service, trade and industry.
In the past few years, the government has honoured scores of unsung heroes with the Padma awards for their life-long contributions in different fields. India has time and time again seen acts of valour from ‘insignificant’ people who have set examples for the greater society. While the process of popular nomination is important for broad basing the selection liberating it from the confines of secret offices, it is also important that the proper procedures are followed for involving as many as people possible for the nomination process so that no allegations can tarnish the process.
On another front, this is also perhaps the time when the contribution of the ‘ordinary’ man and woman is highlighted in society. The Covid-19 pandemic has created unprecedented challenges, and perhaps more than earlier, the ordinary man has met extraordinary challenges.
If we the citizens are capable of electing our leaders, then the right to choose our heroes must also be a citizen’s choice. It is time to honour the unsung heroes and welcome the move to democratise the process.