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’s foreign exchange reserves rose by $835 million to touch a record high of $612.73 billion in the week ended July 16, 2021, data from the Reserve Bank of India (RBI) showed.
In the previous week ended July 9, 2021, the reserves had surged by $1.883 billion to $611.895 billion. In the week ended July 16, 2021, the increase in forex reserves was on account of the rise in foreign currency assets (FCA) which rose by $463 million to $568.748 billion, the weekly data showed.
Gold reserves were up by $377 million to $37.333 billion in the reporting week, the data showed. The special drawing rights (SDRs) with the International Monetary Fund (IMF) were up by $1 million at $1.548 billion.
The country’s reserve position with the IMF declined by $7 million to $5.1 billion in the reporting week, the data showed.