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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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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The two earlier conditions that, a project should not be NPA and non NCLT can only benefit, has been withdrawn
Even if a project has been declared Non Performing Asset but liquidation has not been announced it will be eligible for this provision: FM Nirmala Sitharaman
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The equity method is a type of accounting used for intercorporate investments.
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