This has has become so complicated now to even think logically. How does IPO price matter? Should it not be your cost of acquisition of the unit? Looks ridiculous.
Remember that the original finance bill had typos with mismatching FY and AY numbers. How can they have typos in such an important doc? After that, there was confusion on what was passed in the amended finance bill…I myself posted links of various twitter statements that said that the tax on RoC has not gone away…thank God…some sense seems to hv prevailed but the fine print is so awful that it will take a sum total of CA + lawyers + co secys to figure this out !! but for now, forget the tax on RoC and move on… we will wake up after a decade !!
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