Top Gainers and Losers Today : The financial markets experienced notable fluctuations today, with the Nifty index closing at 23,644.9, reflecting a decrease of 0.0%. In terms of performance over various periods, the Nifty 50 has yielded the following returns: - In the last week: -0.34% - In the last month: -2.59% - In the last three months: -8.38% - …
The Madras High Court has held that transfer of shares by Redington India to its step down subsidiary cannot be categorized as valid gift and is not eligible for tax exemption.The court observed that the incorporation of the company in Mauritius and Cayman Island just before the transfer of shares is undoubtedly a means to avoid taxation in India and …
