STCG on sale of listed shares will be taxed at flat 15%

    iStockPhoto My brother gifted me some equity shares, which he had bought. I now want to sell these shares. Will I be taxed? —Kavita Jha If an individual receives any property (other than immovable property), from any person during a financial year (FY) without consideration, the fair market value (FMV) of which exceeds Rs.50,000, then […]

    Sale proceeds of non-farm land can be remitted by NRIs

    iStockPhoto I’m a non-resident Indian (NRI) living in Germany and have inherited a piece of non-agricultural land in India. I am going to sell it soon. Can I repatriate the sale proceeds? —Ashish Sinha An NRI may remit an amount up to $1 million per financial year (i.e., 1 April to 31 March), out of […]

    Gains from sale of inherited property taxed as capital gains

    iStockPhoto I am selling my ancestral residential property, which will fetch around Rs.30 lakh. This will be equally divided among all the heirs. What will be the tax liability of this transaction? Can this money be deposited in a savings bank account? —Jay Sinha In the absence of complete facts, we have assumed that the […]

    Government Invites Merchant Bankers For Hudco Stake Sale

    New Delhi: Government has invited applications from merchant bankers to assist in carrying out the proposed disinvestment of Housing and Urban Development Corporation (Hudco). “The government of India is considering to divest 10 per cent paid-up equity capital of Hudco out of its shareholding of 100 per cent in the domestic market through initial public […]

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    Steam Summer Sale Lets You Get New BioShock and Skyrim Games for Free

    HIGHLIGHTS Valve’s Steam Summer Sale ends at 10:15pm IST on July 4. Discounted games include BioShock and Skyrim. Buying them on sale nets you their remastered editions for free. With the final few hours of Valve’s Steam Summer Sale upon us, time is running out to grab some heavily discounted PC games. If you missed […]

    Exim financial institution increases $124 million thru bond sale

    Mumbai : The Export Import financial institution of India (Exim) these days said it has raised $124 million thru a bond sale to eastern retail traders, the primary such bond trouble by an Indian employer. The financial institution raised the money via 3 tranches at coupons ranging from 1.31 in step with cent to 7.seventy […]

    Weekend Steam Sale discounts metal gear strong 5: The Phantom pain

    even as famous computer sport digital distribution platform Steam is thought for its high-quality income, it also has weekend offers. This week’s offer is especially beneficiant, supplying reductions on themetal tools franchise. you can snag metal gear solid V: The Phantom pain for Rs. 538 marked down from Rs. 769. thinking about the physical version […]

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    Airline discounts: Air India launches ‘splendid sale’, tickets from Rs1,499

    New Delhi: Following price range vendors consisting of SpiceJet and IndiGo rolling out low airfares,country-owned Air India Ltd has also released a limited duration sale scheme, offering clients all-inclusiveticket prices starting from Rs.1,499 for domestic flights. The tickets underneath the “awesome sale offer” can be booked between 21 and 25 may for tour amongJuly and […]