Does IPO Applicants To Pay Capital Gains Tax?
The Budget has proposed a 10 per cent Long Term Capital Gain Tax (LCGT) on share sales on which the securities transaction tax (STT) was not paid at the time of the purchase after 2004.
There is no tax on long-term capital gains, that is, earnings for sales of shares held for more than a year. Short-term capital gains attract a tax of 15 per cent.
But the good news is that the income-tax department has said that shares bought in IPOs will not attract this tax and an exhaustive list of exemptions will be issued.
So if you are among the IPO applicants and have got allotted shares and sale it after one year there will be no tax on it.
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Now GreenSignal Bio Pharma IPO bidding has been withdrawn from market due to lack of response.
BSE IPO (Bombay Stock Exchange IPO) also lists with some good premium making its investors happy once again. Hope you all enjoyed it.
Now Next in pipeline is Avenue Supermarts Ltd IPO (DMart IPO) which is expected to hit market from March 08, 2017 – March 10, 2017. While Latest Grey Market Premium (GMP) of Avenue Supermarts Ltd IPO (DMart IPO) is between Rs 158 to Rs 160 per equity share.
Some SME IPO will also be active in market in coming week.
Keep watching this blog to keep yourself updated with all the news.
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