Stt
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Premier League: Chelsea put new 60,000-seater stadium on hold due to owner Roman Abramovich's British visa woes
•English Premier League giants Chelsea announced on Thursday they had shelved plans for a new 60,000-seater stadium due to an "unfavourable investment climate".
RBI guv Urjit Patel's take on LTCG tax: 'Multiple taxes on capital impact investments and savings'
•Urjit Patel said there is sizable scope for the investment to GDP ratio to improve and pointed out to increasing capacity utilisation levels
Sensex, Nifty crash: Indian equity market is bound to recover some of its sheen sooner than later
Muralidharan •The steady fall in Sensex and Nifty following the Budget is not only due to the proposed 10 percent tax on LTCG but also in sympathy with the worldwide trends notably the one triggered by the US markets.
Budget 2018: LTCG imposed to check tax base erosion, boost manufacturing, says govt
•In Frequently Asked Questions (FAQs), govt said the Budget for 2018-19 provides for taxing Rs 1 lakh and above of Long-Term Capital Gains arising from sale of shares held for over one year at a concessional rate of 10 percent
Budget 2018: LTCG from equities can't run for cover not even take shelter under NHAI bonds
Smurlidharan •Arun Jaitley feels need for humoring stock market by taxing STCG and LTCG there from at concessional rates of 15 percent and 10 percent respectively.
LTCG tax ambiguity over pref share allotment; why the new I-T Act needs to be simplified
Muralidharan •The further inference therefore is if shares are actively traded shares borne of preferential allotment they would enjoy immunity from LTCG tax even though STT was not paid
Income Tax Act amended: IPOs, bonus issue, share gifts exempted from capital gains tax
•Inter-se transfer of equity shares between promoter group companies will not enjoy the exemption
Start-ups, FDI to be exempt from new tax on unlisted firms
•Allaying investor fears over levy of long-term capital gains tax on share transfer in unlisted companies, the government today said the move is only to target 'khoka' companies and 'genuine investments' in start- ups and through FDI will be exempt
Budget 2017: Govt moves to curb 'sham' deals in stock market
•A Budget full of goodies: Expect tax exemption, welfare schemes, job creation to jumpstart 'dormant' economy
Dasvir Ankhi •The expectations of the Union Budget 2017-18 being more on ‘feel good’ side stands quite high considering the government’s intent to kick start consumerism after the demonetisation effect