Elcid Investments shares skyrocketed to ₹2,36,250 after being relisted on the BSE on Tuesday, October 29, 2024. The company's market capitalization is now ₹4,725 crore. This surge was attributed to the company's holding a significant stake in Asian Paints Ltd, which is worth close to ₹8,500 crore. Additionally, the relisting through a special call auction mechanism for a price discovery …
Failing to disclose foreign shares and other overseas assets in your income tax return can have significant financial consequences. According to the report, a Mumbai Income Tax Appellate Tribunal imposed a penalty of Rs 10 lakh for each year in which foreign shares and other assets were not disclosed in the “Schedule FA” of the individual’s ITR. Under Section 43 …
