TAX PLANNING  ~ Equity Gains and Losses

TAX PLANNING  ~ Equity Gains and Losses

   Simple Pointers

Financial Year 2021-22 will close out under a fortnight from now on March 31,2022 .Tax Planning can help in reducing Tax Liability on Equity Gains  by taking advantage of the exemptions and set-offs available under Income Tax .Remember to file Income Tax Returns on Time to be able to carry forward any Equity loss .Remember too that one is not allowed to set off any loss under the head ‘Capital Gains’ against income from any other heads .Such Loss can only be set-off within ‘Capital Gains’ head

Here are a few simple pointers in tabular format

  Long-Term Short-Term Speculative
Definition > One Year Holding < One Year Holding Derivatives, Intra-day Trading
Tax Rate % 10 15 Normal Slab
Exemption Gains up to Rs One Lakh None None
Set offs Long-Term Loss is allowed to be set-off only against Long Term Gains Short Term Loss can be set-off against both Long-Term and Short-Term Gains Loss can be netted from  gains in only similar Trading Operations
Loss Carry Forward allowed Up to Eight Years succeeding the Year in which Loss Incurred Up to Eight Years succeeding the Year in which Loss Incurred  

 

Some Action that can be considered to take advantage of Income Tax Allowances :

  • Book Long-Term Gains of Rs One Lakh which is the Exemption Limit and reinvest
  • If Long-Term Gains exceed Rs One Lakh, look for booking any Long-Term Loss to use as set-off. One can similarly book some short-term losses too to use to set-off long-term and short-term gains to reduce tax liability in the year. .One can buy-back the holdings the next day
  • One can book gains to be set off against carry forward loss anytime within the eight years such loss is allowed to be carried forward

Do consult your Tax Advisor for more and before taking any above action

Gaurav Parikh, Managing Director, [email protected] +91-9820162597

 

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Daily Bulletin (16th March, 2022)

Daily Bulletin (16th March, 2022)

https://www.bseindia.com/markets/MarketInfo/DispNewNoticesCirculars.aspx?page=20220316-49

 

Scrip code : 523732

Name : Ecoboard Industries Ltd

Subject : Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 – Large Export Oder From GULF COUNTRY

Dear Sir/Madam, With reference to the captioned subject and pursuant to Regulation 30 of the SEBI( Listing Obligations and Disclosure Requirements) Regulations, 2015 (‘SEBI LODR’), we are please to inform you that our Company has received Large export order from Gulf Country for one of our esteemed product 100% Fire retardant ‘EcoRak’ and ‘EcoDek’. This is a huge cross border order is in the best interest of the Company. This is for your kind information. Please take the above on your record and oblige.

 

Scrip code : 543482

Name : Eureka Forbes Limited

Subject : Open Offer

ICICI Securities Ltd. (“Manager to the Offer”) has submitted to BSE a copy of Public Announcement under Regulations 3(1) and 4 read with Regulations 13(1) and 15(1) and other applicable provisions of The Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, as amended, for the attention of the Public Shareholders Of Eureka Forbes Ltd (“the Company”).

 

Scrip code : 500660

Name : GlaxoSmithkline Pharmaceuticals Ltd.

Subject : Announcement under Regulation 30 (LODR)-Diversification / Disinvestment

Completion of Sale of Company”s trademarks ”pertaining to ”lodex” and ”Ostocalcium” Brands in India.

 

Scrip code : 526729

Name : Goldiam International Ltd.

Subject : Intimation Of Record Date For Sub-Division Of Equity Shares Of The Company

Pursuant to provisions of Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform you that Board of Directors of the Company has fixed, Tuesday, March 29, 2022 as Record Date for sub-division of equity share of face value of Rs. 10/- (Rupees Ten) fully paid up into 5 (Five) equity shares of face value of Rs 2/- (Rupee Two) each fully paid. The required details are as follows:- SYMBOL TYPE OF SECURITY BOOK CLOSURE DATE RECORD DATE PURPOSE FOR RECORD DATE BSE NSE FROM TO 526729 GOLDIAM Equity Shares – – March 29, 2022 Sub-division of Equity Shares.

 

Scrip code : 509079

Name : Gufic BioSciences Ltd.

Subject : Intimation For Incorporation Of Wholly Owned Subsidiary Company In United Kingdom

In continuance to our letter dated February 09, 2022 and pursuant to the Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform that the Company has incorporated a Wholly Owned Subsidiary Company namely ‘GUFIC UK LIMITED’, the details whereof is set out in Annexure ‘A’. You are requested to take the same on record.

 

Scrip code : 535789

Name : INDIABULLS HOUSING FINANCE LIMITED

Subject : Board Meeting Intimation for Intimation Of Board Constituted Committee Meeting Of The Company As Per Regulation 29 Of Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015, To Consider Raising Of Funds
Indiabulls Housing Finance Ltd has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/03/2022 ,inter alia, to consider and approve Pursuant to Regulation 29 of the Securities Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended (‘SEBI Listing Regulations’), this is to inform that a meeting of the Board constituted Committee of the Company is scheduled to be held on Tuesday, March 22, 2022, inter alia, to consider and approve raising of funds through issue of secured and/or unsecured bonds, in one or more tranches, on private placement basis, subject to the approval of the members of the Company, and other regulatory and/or statutory approvals, as applicable. We further wish to inform that in terms of SEBI (Prohibition of Insider Trading) Regulations, and Code of Conduct for Prevention of Insider Trading of the Company, the Trading Window for dealing in securities of the Company, which has already been closed, shall remain closed till March 24, 2022.

 

Scrip code : 500520

Name : Mahindra & Mahindra Ltd.

Subject : Announcement under Regulation 30 (LODR)-Acquisition

With reference to the captioned subject, we would like to inform you that the Company has today signed (i) a Share Purchase Agreement (‘Secondary Purchase’) and (ii) a Share Subscription and Shareholders Agreement (‘Primary Infusion’) with Carnot Technologies Private Limited (‘Carnot’), an Associate of the Company. Pursuant to the Secondary Purchase and Primary infusion the Company will acquire 7,423 Equity Shares from its existing Shareholders and also subscribe to 1,613 Series C Compulsory Convertible Cumulative Participating Preference Shares (Series C CCCPS), respectively of Carnot.

 

Scrip code : 534309

Name : NBCC (India) Limited

Subject : Announcement under Regulation 30 (LODR)-Monthly Business Updates

This is to inform that NBCC (India) Limited has secured the total business of Rs. 104.39 crore in the month of February, 2022. The aforesaid information is also available on the website of the Company at https ://nbccindia.in/webEnglish/announcementNotices This is for your information and record.

 

Scrip code : 505800

Name : Rane Holdings Ltd.

Subject : Announcement under Regulation 30 (LODR)-Acquisition

We hereby intimate that the Rane Holdings Limited (RHL / Promoter & Promoter Group) has further acquired (creeping acquisition) 1,80,000 equity shares of Rs. 10/- each fully paid up (2.33%) in its subsidiary Rane Brake Lining Limited (RBL) through open market purchase. The aggregate equity shareholding of RHL in RBL post this acquisition stands increased from 47.70 % to 50.03%. The details pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (SEBI LODR) read with SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015 is enclosed as Annexure A. We request you to take the above on record under the aforementioned regulations of SEBI LODR and acknowledge receipt.

 

Scrip code : 500400

Name : Tata Power Co. Ltd

Subject : Announcement under Regulation 30 (LODR)-Scheme of Arrangement

This has reference to our letter dated 12th August 2020, in relation to the captioned matter. We are pleased to inform you that the Mumbai bench of the Hon”ble National Company Law Tribunal (”NCLT”) vide its order dated 15th March 2022, has sanctioned the Scheme of Amalgamation of Af-Taab Investment Company Limited with The Tata Power Company Limited and their respective shareholders, under Sections 230 to 232 and other applicable provisions of the Companies Act, 2013 (“Scheme”). A copy of the order issued by the NCLT sanctioning the Scheme is available on the NCLT and the Company”s website. The Company is awaiting receipt of certified copy of the NCLT order. This is for your information and records.

 

Scrip code : 532156

Name : Vaibhav Global Ltd

Subject : Disclosure Under Regulation 30 Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015 – Update On Investment In Encase Packaging Private Limited

In continuation of our disclosure dated 22nd January, 2022 regarding entering into agreement for acquisition of 60% Equity Share Capital of Encase Packaging Private Limited, we would like to inform you that the Company has acquired, by way of preferential allotment, 30,00,000 equity shares having face value of Rs. 10/- each of Encase Packaging Private Limited at a price of Rs. 13.33/- per equity share amounting to Rs. 3,99,90,000/- on 15th March, 2022. Consequent to the said allotment, the Company holds 60% of the total paid-up equity share capital of Encase Packaging Private Limited being a holding Company. Kindly take the same on record.