The income tax department views the sale of proceeds of such shares as “unexplained cash credit” or “unexplained money” subjecting it to a flat tax rate of 60%.
Nifty formed a red candle on the daily chart on Friday, indicating weakness, but a green candle on the weekly scale confirmed last week’s bullish
Dinesh Kumar Khara emphasizes that the adoption of the repo rate as an external benchmark by banks will ensure quick transmission of policy rate changes
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