Benchmark indices NSE Nifty and BSE Sensex ended Thursday’s muted session flat. The NSE Nifty 50 rose 5.70 points or 0.03% to 17,624.45 and BSE Sensex rose 64.55 points or 0.11% to 59,632.35. In sectoral indices, Bank Nifty rose 115.50 points or 0.27% to 42,269.50 and Nifty Pharma fell 140.05 points or 1.11% to 12,485.25. […]
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 […]
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