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02.12 - 19:45
Made money from Nykaa and other IPO listings? Check how much tax you need to pay
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Income Tax on IPO Listing Gains: Several investors have made money from IPO listings this year. Since many IPOs listed at a premium, investors were looking at booking profits to make some good money in a quick time. And, with the exception of PayTM share listing, investors were not much disappointed with other IPOs.
For example, Nykaa IPO made many crorepatis. Suppose, Nykaa shares were listed at Rs 2018 each. Even if an investor had applied for 100 shares of Nykaa at Rs 1125 each and sold the shares on listing after allotment, s/he would have gained Rs 2,01,800-Rs 1,12,500 = Rs 89,300. This income is considered capital gain under the Income Tax rules.
Is there a separate tax rule for listing gains from IPO?
No. There is no separate rule for
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