News for 'Roop Bhootra'

Amount paid on share buyback to be treated as dividend and taxed in hands of shareholders: FM

Rediff.com23 Jul 2024

Finance Minister Nirmala Sitharaman on Tuesday said buyback of shares will be taxed in the hands of shareholders similar to dividend from October 1, a move that will increase the tax burden on investors. Further, the cost paid by the shareholder to acquire these shares will be considered for computation of capital gains or loss to them.

Difficult to Make Money in IPOs with Leveraged Bets

Rediff.com4 Dec 2021

HNI investors need an optimal mix of oversubscription and listing-day gain to make money on leveraged bets, notes Sanjay Kumar Singh.