Tag: new ltcg rule

Withdrawal of indexation benefit on capital gains dent India Inc’s profitability – CNBC TV18

The September quarter earnings of auto majors like Maruti Suzuki and Bajaj Auto were impacted following the withdrawal of indexation benefits on long-term capital gains. While Maruti Suzuki created an additional provision of ₹8,38 crore in Q2FY25, Bajaj Auto increased the provisions against its investment income by ₹211 crore. Further, drugmaker Biocon had a tax outgo […]

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