Revenue Secretary

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Start-ups, FDI to be exempt from new tax on unlisted firms

In an interview to PTI, Revenue Secretary Hasmukh Adhia said securities transaction tax (STT) was levied in 2004 and capital gains made out of STT-paid listed stocks are exempt from long-term capital gains tax.
PAN compulsory for transactions above Rs 2 lk: Shaktikanta

PAN will also be mandatory for purchase of immovable property, such as houses, of more than Rs10 lakh, he said adding that the detail will also be compulsory for opening all bank accounts except those under the Pradhan Mantri Jan Dhan Yojana.

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Revenue Secretary

Start-ups, FDI to be exempt from new tax on unlisted firms

PAN compulsory for transactions above Rs 2 lk: Shaktikanta