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?
Here is the list of top stocks that could be in focus on June 10.
Results today: Alkali Metals, Cantabil Retail, Century Plyboards, Cera Sanitaryware, Eclerx, Mayur Uniquoters, Parle Industries, SAIL and Tide Water are slated to announce their March quarter results on Thursday.
Bata India: The company on Wednesday reported 23.3% fall in consolidated net profit at Rs 29.47 crore for the fourth quarter ended March 31, 2021. It had posted a net profit of Rs 38.40 crore in the year-ago period, Bata India said in a BSE filing.
YES Bank: The CBI has carried out searches at multiple locations in Delhi and NCR after registering an FIR against Gautam Thapar, Avantha Realty and others for alleged diversion of over Rs 466 crore in YES Bank during 2017-19, officials said. Thapar is already being probed in another case related to diversion of public money in YES Bank allegedly involving the bank’s former chief Rana Kapoor, they said.
GAIL: State-owned gas utility GAIL (India) on Wednesday reported 28% jump in March quarter net profit as petrochemical margins soared and gas marketing business turned around on rise in international prices. Net profit in January-March at Rs 1,907.67 crore is compared with Rs 1,487.33 crore net profit in the same period a year ago, GAIL chairman and managing director Manoj Jain said on a call with reporters.