Ever wonder why companies rush to list in IPO even thu listing process r sult in additional data disclosure and more documentation and compliance activity?
Before every ipo they would empty reserves thru bonus shares. After listing they would pledge that and enjoy their life.
Ever wondered why listed companies celebrate having thier shares on f&o?
Imagine holding infy shares as a founder. You purchase rate would be ₹2. Current price is ₹1600. Let's say You hold 2.5 mil shres. Every month in the beginning you can sell 500k shree worth 1800 call options say at₹10. By end of month those options will expire worth less and you pocket ₹ 50L every month. Without taking any risk. This being business income you are free to write off any expenses claiming it was related to your business.
When you see someone in businessworld celebrating, it means they found a way to rip both government and the common fool.
It's already done in India. Intrest paid or expenses are written off only for companies. Meaning individuals can't write off interest as an expense.
For individuals, they have done things to their level/best. Remember home loan topups?.
IMO, gvmt offers 100 legal ways to reduce tax. Amateurs deal with black money.
Home loan after new tax regime changes is out of flavour. Unless you have rented flats.
