The Central Board of Direct Taxes (CBDT) has specified a list of equity share sale transactions that will have to comply with the new Budget provision and pay long-term capital gains tax if securities transaction tax was not paid. These include purchase of shares of a listed company that are not frequently traded through preferential issue, transaction for purchase of listed equity share in a company is not entered through a recognised stock exchange and acquisition of shares of a company during the period it was delisted from recognised stock exchanges.
- Rakesh Nangia, Managing Partner shares his views on aforementioned story for Hindu Business Line.
- Rajat Mohan, Director- Indirect Taxation shares his views on Industry on GST rate structure: ‘Timely’ call on rates to help in smoother transition for Indian Express.