Across India, the young generation has become intimately familiar with names such as Bitcoin, Ethereum, Cardano, and Solana. Meanwhile, the use of non-fungible tokens, or NFTs, has also picked up at a large scale. While regulatory uncertainty continues to surround cryptocurrencies in particular, the tax department might be getting ready to tap into this new area. So, what should crypto and NFT investors need to be aware of on the taxation front? Where did you spot your “now-favourite” honey brand or the A2 ghee that is adorning your kitchen shelf. There is a high chance that you stumbled on them while surfing Facebook or Instagram. Over 600 such brands in India, entirely born on the Internet, are selling to customers directly.
It is now called the direct-to-commerce, or D2C, rush. How is this trend taking hold of Indian ecommerce? The ongoing bull run has tempted many companies to advance their fund-raising plans by coming up with IPOs. However, nearly half of the 87 companies that were listed this year are trading below their respective issue prices. What are the red and green flags that investors must keep in mind before applying for an IPO? Tax planning forms an indispensable part of our financial plans. And to save on taxes, we need to invest our money in instruments eligible for deduction under Section 80C. Out of all these investments, ELSS tends to be one of the most popular and efficient tax-saving instruments. What are the most important things you need to know about ELSS funds? Listen to these and more in today’s Business Standard Morning Show podcast.