Income from Share Trading: Business Income or Capital Gain? Most of Indian Taxpayers irrespective of their earnings are indulged in Share trading because it is seen as a quickest way of earning handsome money. Also trading becomes easy with the rapid development in technology. Thus it becomes necessary to know the taxation on the earning […]
MCX-SX, India’s new stock exchange
MCX-SX (India’s New Stock Exchange) will become the third stock exchange after BSE & NSE that is going to commence live trading in the capital market segment with effect from February 11, 2013. MCX Stock Exchange Limited (MCX-SX), India’s new stock exchange, commenced operations in the Currency Derivatives (CD) segment on October 7, 2008 under […]
SEBI Guidelines on Offer for Sale of Shares by Promoters
Comprehensive guidelines on Offer For Sale (OFS) of Shares by Promoters through the Stock Exchange Mechanism 1. Comprehensive guidelines on sale of shares through OFS mechanism were issued vide circular no CIR/MRD/DP/18/2012 dated July 18, 2012. Based on past experience of sale of shares through OFS, the mechanism of OFS has been found to be […]
Rationalisation Process for obtaining PAN by Investors
The Securities and Exchange Board of India (SEBI) on Friday allowed market entities to verify the permanent account number (PAN) of qualified foreign investors (QFIs) through the Income Tax (I-T) department’s website against the current practice of asking for their original PAN card. The circular has been sent to stock brokers, depository participants, mutual funds, […]