Strategic disinvestment push: Buyers of PSU shares exempt from gift tax

The relaxation will stay as long as the strategic investor retains at least 51 per cent in the PSU after the takeover

Premium

Any such stake sale might take place only after the general elections next year

2 min read Last Updated : Jun 1 2023 | 9:43 PM IST

Listen to This Article

The Central Board of Direct Taxes (CBDT) has exempted buyers from gift tax when they acquire equity shares in public-sector units (PSUs) through strategic disinvestment. Earlier the exemption was applied

Topics : Disinvestment PSUs

First Published: Jun 1 2023 | 9:43 PM IST

Explore News

Stock Market Live Updates Rajya Sabha Passes Women's Reservation Bill Stock To Watch Today Latest News Live Indi vs Aus ODI Playing 11 Apple's iPhone 15 Sale Parliament special session LIVE Gold-Silver Price Expendables 4 Glenmark Pharma Share

Companies News

Apple outpaces Samsung to become largest smartphone exporter from India Apple's iPhone 15 goes on sale today, long queues outside Mumbai store

Election News

Telangana IT Minister K T Rama Rao accuses PM Modi of misleading youth Court rejects Ashok Gehlot's acquittal plea in defamation case by Shekhawat

India News

Parliament special session: Rajya Sabha passes women's reservation Bill Parliament special session LIVE: LS logged 132% productivity, says Om Birla

Economy News

Discussion underway to ease FDI norms in space sector, says official India unlikely to export sugar in 2023-2024, says ED&F Man Commodities

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Continue

Strategic disinvestment push: Buyers of PSU shares exempt from gift tax

The relaxation will stay as long as the strategic investor retains at least 51 per cent in the PSU after the takeover

Listen to This Article

Also Read

Dipam seeks to make dividends from PSUs part of disinvestment target

FY24 disinvestment target to be around Rs 60K-cr, big ticket deals unlikely

Hits and misses: India's disinvestment strategy needs to mind markets

FinMin allows PSUs to invest in debt schemes of all mutual funds

Public-float rule: PSUs to remain exempt even after change of ownership

India's FY24 GDP data: Spate of forecast hikes, but not all agree

Huge opportunities will open up when exports touch $2 trn by 2030: Goyal

PM SVANidhi scheme's spread among fastest, says Hardeep Puri

RBI should continue with pause, change its stance to neutral: CII President

GST mop-up rises 12% to Rs 1.57 trillion in May despite external headwinds

Explore News