Mumbai, Jan 31 (IANS) The Indian equity markets on Sunday traded with increased volatility, amidst Budget caution and a weak rupee hovering near 92 per dollar.As of 9.24 am, Sensex added 9 points, or 0.01 per cent, to reach 82,278, and Nifty lost 28 points, or 0.11 per cent to settle at 25,291.Main broad-cap indices posted notable losses as the Nifty Midcap 100 declined 0.73 per cent, and the Nifty Smallcap 100 lost 1.55 per cent.All sectoral indices were trading in the red except auto, private …
Latest Capital Gains Tax News & Updates
New Delhi, Jan 16 (IANS) The Income Tax Department has revived the assessment proceedings against Tiger Global following the favourable Supreme Court judgment on the capital gains tax that has to be paid by the US equity investor on the sale of Flipkart shares to American retail giant Walmart for Rs 14,500 crore.A senior official told IANS that the Income Tax Department has already withheld approximately Rs 967.52 crore as tax deducted at source, under Section 241A, for which the company had cla…