Sidhant Agarwal, chartered accountant and co-founder of India for NRI, illustrated this with an example. Suppose an NRI invested ₹22.6 crore in a premium property between 2015 and 2020 and sold it today for ₹60 crore. On paper, the investment appears to have nearly tripled, generating a gain of about ₹54.4 crore after costs. But when adjusted for currency movements, the picture changes considerably.
Concurrent Gainers: 15 stocks rally for five straight sessions, surge up to 20%
The Gujarat High Court has quashed a reassessment notice issued by the Income Tax Department in a long-running capital gains dispute, ruling that the wider powers introduced under Section 55A of the Income Tax Act through the Finance Act, 2012 cannot be applied retrospectively to transactions that took place before the amendment came into force….
Many EPFO members have begun seeing the annual interest for FY2025-26 reflected in their provident fund accounts from July 15, after the retirement fund body credited interest at the approved rate of 8.25% per annum. Once the interest is credited, EPFO sends SMS alerts to members. The updated balance can also be viewed in the…
Patanjali Foods, ICICI Prudential AMC, IREDA, NMDC and Oil India saw the highest net selling by mutual funds among midcap stocks in June, according to a Motilal Oswal Financial Services report.
Shares of Cipla inched up on heavy volumes on Friday, after the company’s first quarter earnings beat the consensus estimate. On the BSE, the stock closed at Rs 315.45, up 0.5% over its previous close, with 2.84 lakh shares — twice the 2-week average daily volume —being traded. Dealers tracking the stock said the ‘Big…
The initial public offering of technical textile machinery and equipment-maker Lohia Corp continued to see decent investor interest during its second day of public bidding, with the Rs 1,101 crore maiden issue of the company being subscribed 43% so far on Friday. The public issue received bids for more than 61 lakh shares, as against…