Buy custom Impact of Budget 2007-08 India
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Business
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| Number of pages / Number of words: |
5 / 1333 |
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So the mutual fund concerned will actually pay Rs 80 to the investor and pay Rs 20 as distribution tax. Rs 20 is 25% of Rs 80 (which was the dividend distributed). However, as far as the investor is concerned, he has borne a tax of Rs 20 on a gross income of Rs 100 which works out to just 20%.
Look at it the other way...
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Had the investor actually received Rs 100 in hand, he would have been asked to pay Rs 25 (25% of Rs 100) as tax. Just on account of the mutual fund paying the tax on the investor's behalf, the effective rate works out lower.
In any case, these amendments will take effect from April 1, 2007.
TDS limit for interest hiked
Amongst good news for the small investor, Bank and Post Office interest was subject to TDS over Rs 5,000...
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General points of the essay
Indian Mutual Fund Industry
Data Analysis of a Mutual Fund
Development Of Channel Relations For Distribution Of Mutual Fund
Gic Or Mutual Fund
Impact of Budget 2007-08 India
Low Budget High impact.
Macro-Economic Factors affecting Mutual funds in India
Mutual Fund Cash Flows And Stock Market Performance
Mutual Fund
National Budget For The Fiscal 2006-2007: A Closer Look
Possible Impact Of 2008 Budget
budget 2007
Distribution Dossier - Samsung India
impact of the federal budget on the economy
Mutual Fund Case Study
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