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 investor charter from the Securities and Exchange Board of India (Sebi) is expected early next month. Insurance regulator IRDAI and pension watchdog PFRDA are expected to release their respective charter next year, the Business Standard reported
The SEBI investor charter, which will include the rights and responsibilities of investors, will be treated as a reference and have no legal binding, says the report.
Stock exchanges, mutual funds and listed firms will have dos and don’ts for investors in the securities market, in line with corporate governance norms.
The investor charter will have no mechanism for monetary compensation for investors who suffer losses due to mis-selling or any other fraudulent activity.
The final blueprint, after consultations with the finance ministry and other stakeholders, is ready. It simple and easy for investors, according to the Business Standard.
One objective of charter is time-bound services from all market intermediaries and departments under the financial regulators, said the report
Earlier in September, the SEBI board had given its approval to the charter.
The charter will help investors get all relevant information in one place. This includes their rights, services provided by various entities, timelines related to various services and investor grievance and redressal mechanism.
The finance minister in the Budget had proposed setting up an investor charter on all financial products, including mutual funds and insurance.