Singapore has introduced a new tax on sale of foreign capital assets with effect from 1st Jan, 2024
⏩1. Historically, Singapore does not tax capital gains. Only gains which are “income” in nature are taxed. ⏩2. However, from January 1, 2024 onwards, Singapore has introduced into law the new Section 10L of the Income Tax Act 1947 (“ITA”). ⏩3. Foreign-sourced gains from the sale or disposal of a foreign asset (not being an…
10 most valued firms climbed Rs 65,302.5 crore last week, with Tata Consultancy Services and ICICI Bank emerging as the biggest gainers.
10 most valued firms climbed Rs 65,302.5 crore last week, with Tata Consultancy Services and ICICI Bank emerging as the biggest gainers.