The benchmark BSE sensex has had a bumpy ride since scaling its all-time high level of 62,245 in October last year. The index did go past the 60,000-mark on 2 occasions this year, but could not hold on to it for long. On Wednesday, after 178 days, BSE sensex again breached the psychological level of 60,000.
Higher capital gains tax: Who benefits the most?
Excluding tax havens such as Hong Kong, Singapore and the UAE, India’s capital gains tax remains one of the lowest globally, especially as the amount