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Tag: concessional

COVID-19: Railways suspends concessional tickets except for patients, students, Divyangjan from March 20

COVID-19: Railways suspends concessional tickets except for patients, students, Divyangjan from March 20

Finance
NEW DELHI: The Indian Railways decided on Thursday to suspend all concessional tickets except for patients, students and those in the Divyangjan category from the midnight of March 20 till further notice to discourage unnecessary travel in view of the coronavirus outbreak. The national transporter said the move was to prevent the vulnerable category of senior citizens from undertaking unnecessary travels. "Concessional booking of all tickets except for patients, students and the Divyangjan category for the unreserved and reserved segments is being suspended form 00:00 hrs of 20th March till further advisory," an order from the railways said. Of the 53 categories of concessions, only 15 could be availed now, it added. Let's block ads! (Why?) Personal Finance News-Wealth-Economic Times
IPOs, FPOs, ESoPs exempt from STT for concessional LTCG tax

IPOs, FPOs, ESoPs exempt from STT for concessional LTCG tax

Finance
Initial public offerings, bonus, rights issues and ESoPs will be eligible for concessional rate of 10 per cent long-term capital gains (LTCG) tax even if the Securities Transaction Tax has not been paid earlier. In the 2018-19 budget, the government had after a gap of 14 years reintroduced concessional 10 per cent on LTCG tax exceeding Rs 1 lakh from sale of shares, subject to payment of Securities Transaction Tax (STT) at the time of acquiring the equities. The finance ministry also decided to exempt certain transaction from payment of STT for availing the concessional 10 per cent LTCG rate. The ministry has notified a list of carve outs which will be exempt from the requirement of paying STT. These include IPO, follow-on public offer (FPO), bonus or rights issue by a listed company, acqu...