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India leads global IPOs, raising $4.3 bn in Q3 2024: Tax impact decoded

Business Standard LogoBusiness Standard1d ago

India leads global IPOs, raising $4.3 bn in Q3 2024: Tax impact decoded - Business Standard

Quick Summary:

Tax implications on IPO gains depend on holding periods, with short-term gains taxed at 20% and long-term gains exceeding Rs 1.25 lakh taxed at 12.5%.

In addition to this, the indexation benefit, which was earlier available on long-term capital gains has been removed wef 23rd July 2024, after Budget 2024.

Long-Term Capital Gains (LTCG): If the shares are held for more than one year, any capital gains up to Rs 1.25 lakh are tax-free.


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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 12:22:36 (1 days ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 865 words

Reading Time: 5 minutes read

Sentences: 36 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23546335

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 305 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 8 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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