The uncertainty over the taxability of capital returned to unitholders of real estate investment trust (REITs) and infrastructure investment trusts (InvITs) has spooked investors in these vehicles. The proposed amendment in the Finance Bill 2023 seeks to tax repayment of debt to such unitholders as ‘income from other sources’ under Section 56(2)(xii) of the IT […]
By Bhavik Patel MCX Crude is trading in the range of 6,350-6,600. This week we had negative, as well as, positive news which kept bulls and bears both active but neither gained any upper hold. Middle of the week, US inventory came larger than expected which prompted sellers in action but prices recovered soon as […]
Israel has put out a safety advisory for its people living in India and particularly in New Delhi after a ‘blast’ took place near its embassy in the national capital on Tuesday evening. Stating that the explosion could possibly be a “terror attack’, the Israeli National Security Council, in its advisory, asked Israelis to avoid […]
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