If the signatories are residents, the tax office, some feel, may question the tax status of the funds offered under the treaties that India has signed with key jurisdictions like Mauritius and Singapore.
The new measure will take effect from November 20, 2024, for all newly introduced index derivatives contracts, including weekly, monthly, quarterly, and half-yearly, according to
Nalwa Sons Investment led the small-cap gainers with a nearly 43% return, followed by Precision Camshaft (29%), Motilal Oswal (27%), and Renaissance Global (26.4%). Additionally,
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