Taxing times for IPOs

“All the changes in the LTCG regime apply only to listed securities. However, the rules were unchanged for unlisted entities. Hence, if a company lists post April 1, it will not be eligible for grandfathering. In such cases, the original cost of acquisition will be taken into account,"

Riaz Thingna
Director, Grant Thornton Advisory Private Limited

This article appeared in Business Standard on 18th February, 2018.