Taxability of Profit on Sale of Shares / Securities
Selling shares for a profit is akin to a mini jackpot in the stock market. Capital gains tax is due on profits, affecting the net gain. Profits from shares held over a year may be taxed at a lower long-term capital gains rate, offering a “patience pays off” discount. Profits from shares sold within a […]
All You Need To Know About Startups In India
On January 16, 2017, Prime Minister Narendra Modi launched the ‘Startup India Initiative’. The initiative was launched to support entrepreneurs in India as new startups were blooming in almost all business sectors. The initiative gave budding entrepreneurs fresh hope since they perceived it as government support for their start-up companies. The government released a notification […]