Delhi HC Overturns AAR Ruling, Grants Tax Relief to Tiger Global in Flipkart Deal

https://anonymfile.com/NEEXl/tiger-global-draft-of-new-yorker-story-doing-the-rounds-in-nyc.pdf TLDR: Tiger Global may pass soon.

Budget 2024 scrapped the angel tax for all investors, creating the ultimate playground for innovation and entrepreneurship in India.

- The Competition Commission of India (CCI) found Amazon India and Flipkart guilty of violating competition laws by favoring select sellers on their platforms. - Both companies will have the opportunity to review the report and file objections before fines are decided. - The CCI's investigation, initiated in 2020, revealed that preferred sellers received advantages such as better listings and deep discounts. - The watchdog noted that these practices had a catastrophic impact on market competition, especially in the mobile phone segment. - This development follows multiple legal challenges and a Supreme Court ruling allowing the investigation to proceed. Source: [Inc42](https://inc42.com/buzz/cci-finds-flipkart-amazon-india-guilty-of-flouting-antitrust-rules/)

For US based company's employees which provide stocks - How do you file your income tax ? 1. Do you declare your foreign stocks in ITR ? 2. Do you do self filing ? Or use online tax filing websites ? 3. Do you take services of a CA ? I'm looking for best way to do it with minimal involvement from my side. Please add service charges by websites/CA in your response as well. PS - This is my first financial year where I hold foreign stocks. Looking for guidance. Thanks.

🇺🇸 President Biden proposes a 44.6% capital gains tax, the highest in history. The proposal also includes a 25% tax on unrealized gains for high-net-worth individuals. Indian markets - be prepared for the biggest rally of the decade 🔥🔥🔥🔥 HUGE POSITIVE FOR INDIAN MARKET

- The Indian government has increased the tax rate on equity derivatives trades and capital gains from equity investments, effective immediately for some changes and from October for others. - Taxes on stocks held for less than one year have been raised to 20% from 15%, and for those held over one year to 12.5% from 10%, which may hurt short-term market sentiment but incentivize long-term investment. - The securities transaction tax on futures has been nearly doubled to 0.02% from 0.0125%, and on options to 0.1% from 0.0625%, causing a temporary dip in major stock indexes. - Fund managers believe the tax changes will bring rationality to options trading and encourage better investment behavior, despite being a short-term negative for the market. - Additional tax adjustments include reduced taxes on listed bonds and unlisted shares held by foreign companies, and changes to the taxation of company share buybacks. Source: Reuters

I got alloted the IPO. It's my first time. I had researched about the company and looked good to me. After reading a lot(and overthinking!) had decided to go for it. The share is listing tomorrow soo what are the sentiments and predictions of listing price?😛