CBDT PAVES WAY FOR SHORT SELLING OF SHARES !

Last updated: 19 August 2007

The Central Board of Direct Taxes (CBDT) has clarified that lending and borrowing of shares for short selling in equities will not attract capital gains tax. With this clarification one of the important hurdles in the way of permitting short selling on the stock exchanges has been cleared. xchanges’ infrastructure for this is already in place and now only RBI’s clarification is awaited for allowing the lending and borrowing by FIIs. According to the sources, the short selling of securities wi
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CA.Saibaburao Nanduri

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Finance news reporter covering taxation, GST, income tax, business compliance, and economy updates. I simplify complex financial topics into easy-to-understand articles for professionals, taxpayers, and business owners on leading finance and tax platforms.

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