Capital gains tax is no longer exempt even for investors coming via Mauritius, hence FPIs are now classifying it as interest income to save on taxes.
In absolute terms, the year closed with the market capitalisation of all BSE-listed companies rising by Rs 45.5 lakh crore to Rs 152 lakh crore, or an increase of 42.8 per cent, compared to the closing value on December 30, 2016, says Pavan Burugula.
The improving earnings and economic outlook has titled the scales back in favour of Indian equities this year, reports Pavan Burugula.
The benchmark indices have rallied 28 per cent this year, while the broader market has outperformed
They are making switch to the high-growth alternative investments fund industry, reports Pavan Burugula.
A fundraising boom in the domestic market and tightening of the regulatory framework for overseas issues are responsible for this trend.
With recent rate cuts, November collections could be even less
A panel will draft direct tax legislation, keeping in mind the system in other countries, international best practices and economic needs of the country
Panel formed to simplify return-filing process, take feedback from stakeholders, experts
Brokers also want tax rebates, removal of additional tax on dividends, streamlining of GST...
'There were lots of functionalities the Group of Ministers asked us to incorporate.'
Valued at $71.2 billion, the bank's market capitalisation is more than that of global banks like Barclays, JP Morgan Chase and Credit Suisse.
The case relates roughly to assessment years 2000-01 to 2002-03 and 2004-05 to 2007-08
Govt squeezed capital expenditure, and also cut revenue expenditure, that does not go into creating assets, by 11% in H1
In the first nine months of 2017, investment banks pocketed Rs 500 crore for helping companies raise Rs 30,853 crore through IPOs.
'The full effects of the government initiatives will have to work their way through, whether in infrastructure or in the banking sector.'
Sebi directs freezing of all demat accounts not linked to Aadhaar by December 31
Close to three dozen companies will launch their IPOs over the next four-six months.
Trading in Samvat 2074 on Thursday got off to a rocky start, with the benchmark indices ending more than half a percent lower and the gauge for banking stocks dropping 1.25%.
This flight of capital began in early August due to risk-aversion created first by rising geopolitical tensions due to North Korean aggression and second by the US Fed's decision to shrink its balance sheet
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