Saubhik Banerjee

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No retrospective tax on debt funds, says Arun Jaitley

It’s final. Withdrawals from debt funds between 1 April and 10 July will attract the old taxation rules of long-term capital gains of 10% (without …

Business Breaking News, India Economy News, Business Headlines, Current Updates and More – Firstpost

Business Breaking News, India Economy News, Business Headlines, Current Updates and More – Firstpost

Business Breaking News, India Economy News, Business Headlines, Current Updates and More – Firstpost

India

No retro hit on debt MFs, tax only on post July 10 buys: Jaitley | business

Finance minister Arun Jaitley on Friday offered a marginal relief to the mutual fund (MF) industry as he announced that the increased tax rate of 20% …

India

BSE Sensex falls around 200 points; Wipro plunges | Reuters

MUMBAI (Reuters) - The broader Nifty fell on Friday after hitting a record high for a third straight day as investors took profits in blue-chips such as ICICI Bank(ICBK.NS), while IT outsourcing firms declined after Wipro’s(WIPR.NS) U.S. dollar revenue growth lagged rivals.<p>A broker reads a …