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?
Vaibhav Global said the company has fixed 10th May 2021 as the record date for the purpose of sub-division of one equity share of the face value of Rs 10 each into five equity shares of Rs 2 each.
The announcement was made on Saturday, 24 April 2021. Shares of Vaibhav Global rose 1.45% to settle at Rs 3,961 on Friday, 23 April 2021.
The stock hit a 52-week high of Rs 4,850 on 17 March 2021. The stock hit a 52-week low of Rs 872 on 23 April 2020.
Vaibhav Global is engaged in the processing of gemstones, such as fire opal, apatite, emerald and various other precious and semi precious stones.
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Published: April 26, 2021, 09:41 IST