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The National Stock Exchange is considering a groundbreaking move to trade its own shares directly on its platform, potentially skipping the need for additional approval from Sebi. By leveraging its existing ‘permitted-to-trade’ mechanism, the NSE could facilitate trading of shares already listed on other recognized exchanges, making NSE shares available for its own trading after…

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Investors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide varying guidance on whether these should be categorized as foreign assets. While GIFT City falls under the foreign category per FEMA regulations, it’s treated as a domestic entity for income tax.