Day Trading Stocks & Futures

https://www.business-standard.com/a...msci-india-domestic-index-120051300146_1.html


Abbot India, Ipca Laboratories, Jubilant Foodworks and Tata Consumer are among the six stocks that have been added to the MSCI India Domestic Index (See document), while there have been five deletions, which include Ashok Leyland, Bank of Baroda, Cummins India Kirloskar and M&M Financial Services.

MSCI India Domestic Small Cap Index (see document), on the other hand, has seen 52 deletions which include BSE, Venky’s India, Jammu & Kashmir Bank, Power Finance Corporation and Dish TV India. IndiaMart Intermesh, Mishra Dhatu Nigam, Nippon Life India and Relaxo Footwears are among the 13 added to this index. Though changes in both these indices have been announced, they will take place as of the close of May 29, 2020.
Honest question since I do not know about the MSCI index and its listing parameters.

How influential is this index? And will listing on the said exchange result in any tangible gains for the companies listed?
 

travi

Well-Known Member
What the #$#$#$

MUMBAI: Consider this. If a company defers an employee’s salary or a vendor’s payment, say by six months, tax is applicable on such salaries or payments under current taxation laws, tax experts said, since it is a promise of income in future.

Read more at:
https://economictimes.indiatimes.co...ofinterest&utm_medium=text&utm_campaign=cppst
Taxation is based on date of trx (eg. invoice date or salary of X month) , not realization of payment. it's been there from maybe forever.

Maybe be editor is trying to sensationalize it :)
didn't read the article, only what you quoted.
 

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