The government is likely to announce a slew of market-friendly changes including withdrawing of surcharge on income of foreign portfolio investors (FPIs), removing of long-term capital gains (LTCG) tax after a holding period of three years and easing of dividend distribution (DDT) tax, ET NOW reported on Thursday, quoting government sources. The report pushed the BSE Sensex 634 points higher and helped the NSE Nifty top 11,000-mark at the close. “The government may withdraw higher surcharge for FPIs via notification or ordinance,” the report added.
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The government is likely to announce a slew of market-friendly changes including withdrawing of surcharge on income of foreign portfolio investors (FPIs), removing of long-term capital gains (LTCG) tax after a holding period of three years and easing of dividend distribution (DDT) tax, ET NOW reported on Thursday, quoting government sources. The report pushed the BSE Sensex 634 points higher and helped the NSE Nifty top 11,000-mark at the close. “The government may withdraw higher surcharge for FPIs via notification or ordinance,” the report added.
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Watch Modi Govt likely to withdraw higher surcharge on FPIs With HD Quality
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Equity benchmark indices staged a smart recovery during second half of trading on Thursday with the Nifty closing above 11,000 mark. The market rallied after reports suggested that the government is likely to roll back the recently-imposed higher tax on foreign portfolio investors (FPIs). The introduction of a surcharge on higher income brackets announced in the Budget by Finance Minister Nirmala Sitharaman has led to a brisk selloff by FPIs. At the closing bell, the BSE S&P Sensex was up 637 points or 1.74 per cent at 37,327 while the Nifty 50 edged higher by 177 points or 1.63 per cent to 11,032.
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Watch Sensex rallies 637 pts as govt may withdraw FPIs higher surcharge; Nifty reclaims 11,000-mark With HD Quality
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Panaji (Goa): While addressing a press conference in Goa’s Panaji on September 20, Union Finance Minister Nirmala Sitharaman said, “In order to stabilise the flow of funds into the capital market, it is provided that the enhanced surcharge introduced in Budget of July 2019 shall not apply on capital gains arising on sale of equity share in a company or a unit of a equity oriented fund.”
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राजस्थान में कांग्रेस सरकार द्वारा बिजली बिल में 39 पैसे प्रति यूनिट फ्यूल चार्ज बढ़ाये जाने पर भाजपा के प्रदेश महामंत्री भजनलाल शर्मा ने निंदा व्यक्त करते हुए कहा कि भारतीय जनता पार्टी इन बिजली दरों की बढ़ोत्तरी का राजस्थान भर में विरोध करेगी।
Expressing condemnation, BJP state general secretary Bhajan Lal Sharma said that the Bharatiya Janata Party will oppose the increase in these electricity rates across Rajasthan after the Congress government in Rajasthan increased the fuel bill to 39 paise per unit.
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Surcharge Rate for Individual AY 2021-22 | Important Amendment by CA Vinod Gupta
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Tech News in Telugu #1095: Nothing Phone 1, Paytm Surcharge, POCO F4, Samsung Z Flip 4, Micromax
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Tech News in Telugu #1095: Nothing Phone 1, Paytm Surcharge, POCO F4, Samsung Z Flip 4, Micromax
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बिजली उपभोक्ताओं को Fuel Surcharge का बड़ा झटका, कोयला खरीद के नाम पर बिजली उपभोक्ताओं पर बढ़ाया बोझ
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Fuel Surcharge In Rajasthan | राजस्थान में बिजली उपभोक्ताओं पर फिर पड़ेंगी फ्यूल सरचार्ज की मार
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ਅਬੋਹਰ 'ਚ ਬੱਚੇ ਨੂੰ ਕੋਬਰਾ ਨੇ ਡੰਗਿਆ, ਪਰਿਵਾਰ ਬੱਚਾ ਤੇ ਸੱਪ ਨੂੰ ਲੈ ਕੇ ਪਹੁੰਚੇ ਹਸਪਤਾਲ
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ਸਾਬਕਾ ਯੂਥ ਕਾਂਗਰਸ ਪ੍ਰਧਾਨ Angad Dutta ਖਿਲਾਫ ਸਿਆਸੀ ਦੁਰਵਿਵਹਾਰ ਦੇ ਦੋਸ਼ਾਂ ਦਰਮਿਆਨ CBI ਜਾਂਚ ਦੇ ਹੁਕਮ
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IND vs SA | World Cup T20 2024 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs South Africa in the World Cup T20 2024 season! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SA | World Cup T20 2024 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
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Welcome to the exhilarating showdown between India vs Zimbawe in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs ZIM | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 711 views
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Welcome to the exhilarating showdown between India vs Bangladesh in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs BAN | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1415 views
IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
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IND vs SL | T20 | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 1123 views
IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Welcome to the exhilarating showdown between India vs Sri Lanka in the T20 series! Get ready for an electrifying clash as these two powerhouse teams, fueled by raw talent and strategic brilliance, lock horns for cricketing supremacy.
Join us as the India, led by their charismatic captain, face off against the Sri Lanka, determined to showcase their prowess on the pitch. With star-studded lineups boasting top-tier international players and emerging talents, expect nothing short of cricketing excellence and heart-stopping moments.
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IND vs SL | T20 | Final | Match Preview and Stats | Fantasy 11 | Crictracker
Sports video | 785 views