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%.
Eternal, parent of Zomato and Blinkit, saw shares jump despite a profit dip. Revenue grew strongly, fueled by quick commerce. Blinkit’s performance is notable. Brokerages
Paytm shares have rallied 122% in the past year amid improving sentiment and bullish technicals, yet still trade 53% below their IPO price of Rs
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