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?
Trading of Nifty 50 index futures on the Singapore stock exchange indicates that the Nifty could fall 12 points at the opening bell. Meanwhile, all eyes are on the GST Council meeting scheduled on Friday, 17 September 2021 in Lucknow. The agenda for the GST Council meet includes considering taxing petrol, diesel and other petroleum products under the single national GST regime. Here is the list of top stocks that could be in focus on September 16, Thursday.
Wipro: The IT major announced that it has secured a multiyear contract from Kuala Lumpur headquartered Maxis Broadband Sdn Bhd, a leading converged solutions provider.
Infosys: Infosys announced a strategic collaboration with SAP, a market leader in enterprise application software, to provide Business Process Transformation-as-a Service to enterprises.
Hindustan Copper: Government plans to sell 10% of the company’s equity through an Offer for Sale. The initial plan is for the sale of 4.83 crore shares or 5% of the total equity with a green-shoe option to sell another 4.83 crore shares or 5% of the total equity. The floor price of Rs 116 per share. The OFS opens for non-retail investors today and for retail investors tomorrow.
HG Infra Engineering: The company has received a letter of award from the National Highways Authority of India for two HAM projects.
Fineotex Chemical: The company has entered into a strategic collaboration with Eurodye-CTC, Belgium, to commercialise specialty chemicals for the Indian market.
Telecom stocks: The Union Cabinet on Wednesday approved a big-bang relief package for the stressed telecom sector that includes a four-year break for companies from paying statutory dues, permission to share scarce airwaves, change in the definition of revenue on which levies are paid and 100 per cent foreign investment through the automatic route.