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The electronic database and systems unit of the Central Board of Direct Taxes has issued an official communication in this regard to all Chief Commissioners.
The section 8 is about the ‘agents’ liable to pay tax while section 22 deals with the liability on the part of dealers to register with VAT authorities.
The strongest inflows came in the month of September at $ 490 million, following inflow of $ 171 million and $ 45 million in July and August.
UTI Mutual Fund, the country’s fifth-largest asset management company, had a narrow escape from being caught on the wrong side of the law.
UTI Mutual Fund, the country’s fifth-largest asset management company, had a narrow escape from being caught on the wrong side of the law.
Loss from sale can be adjusted against taxable short-term and long-term capital gains from other investments, including debt funds, gold and real estate.
The latest Crisil MF Ranking covers close to 90 per cent of average assets under management of open ended schemes at the end of September 2014.
The latest Crisil MF Ranking covers close to 90 per cent of average assets under management of open ended schemes at the end of September 2014.
Birla MF completes acquisition of ING AMC  (27 October 05:48 pm) 
A few schemes, including multi-manager funds, have however been retained in line with BSLAMC\'s strategy to grow and serve even more investors.
Birla MF completes acquisition of ING AMC  (31 October 11:49 pm) 
A few schemes, including multi-manager funds, have however been retained in line with BSLAMC\'s strategy to grow and serve even more investors.
MFs have been showing interest in banking stocks since the beginning of the year amid rising equity market and the current decline is due to profit booking.
MFs have been showing interest in banking stocks since the beginning of the year amid rising equity market and the current decline is due to profit booking.
Active portfolio management is a continuous process wherein one needs to monitor the portfolio regularly as information is flowing in fast and being priced in quickly.
Active portfolio management is a continuous process wherein one needs to monitor the portfolio regularly as information is flowing in fast and being priced in quickly.
The best performing funds tend to change year after year and you might end up copying different fund managers every year.
The best performing funds tend to change year after year and you might end up copying different fund managers every year.
Fund managers showed strong preference for equity schemes over debt as the \'money market\' category saw a massive outflow of over Rs 67,000 crore in September.
Fund managers showed strong preference for equity schemes over debt as the \'money market\' category saw a massive outflow of over Rs 67,000 crore in September.
Fund houses have however reduced their exposure towards public sector banks (PSBs), which have been weighed down by high NPAs.
Fund houses have however reduced their exposure towards public sector banks (PSBs), which have been weighed down by high NPAs.
SBI Mutual Fund will invest in inflation indexed securities and actively manage a portfolio of predominantly inflation linked bonds (IIBs).
SBI Mutual Fund will invest in inflation indexed securities and actively manage a portfolio of predominantly inflation linked bonds (IIBs).
Under the communication and culture initiative, the company has introduced focus group discussions and increased use of the intranet.
Under the communication and culture initiative, the company has introduced focus group discussions and increased use of the intranet.
Consumption funds have the flexibility to move across sectors when valuations turn expensive or cheap unlike specific sector funds.