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CBDT proposes norms for tax benefits for genuine equity deals

CBDT proposes norms for tax benefits for genuine equity deals

Tuesday, April 4, 2017, 10:17 AM

Genuine equity investments through initial public offers and bonus share issues won’t have to face long term capital gains tax even if no securities transaction tax (STT) was paid on their transfers. The Central Board of Direct Taxes (CBDT) issued a draft notification to this effect on Monday, bringing relief to the investment community.
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