wordpress blog stats
Connect with us

Hi, what are you looking for?

ESOPs and FDI deals to be exempt from long-term capital gains tax

The Central Board of Direct Taxes (CBDT) provided relief for genuine transactions where shares were acquired without paying the securities transaction tax (STT). Accordingly, long-term capital gains tax will not be applicable for employee stock ownership plan (ESOPs) and foreign direct investment (FDI) deals. The long-term capital gains (LTCG) exemption will also be applicable for court-approved transactions. Finance minister Arun Jaitley had introduced the changes in the Income Tax Act this year to deny the LTCG exemption in all cases where STT is not paid, except the notified ones, as indicated by this Mint report. The publication added that the CBDT notification is significant as many stressed projects in many sectors could look at bankruptcy proceedings where lenders can explore turnaround options that may include management and ownership change before considering liquidation and sale of physical assets. However, in cases of acquiring…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ