Finance Act Changes applicable, effective from 2016 June 1

Finance Act Changes applicable, effective from 2016 June 1 Major 30  Changes Listed Here  1. Electronic Hearing under Income Tax law enabled 2. Document required to be issued by an Income Tax Authority can be issued in paper form or communicated in electronic form 3. Equalizatio…

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Closed - End funds - Premium and Discount NAV - 7 Key Reasons

Closed - End funds and Discount NAV - Major Reasons A mutual fund's net asset value (NAV) (the net value of all assets within the mutual fund's portfolio divided by the number of outstanding shares) should be identical to its market price, but often, the market price…

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Why Some closed - End funds sell at a discount to their NAV?

 Some closed - End mutual funds sell at a discount to their NAV because A. The re-purchase price fixed by the mutual fund is lower than its NAV. B. Of the inherent risk prevalent in closed - end funds. C. Mutual fund Investors expect their future potential to be unable to sust…

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Close - End funds and Discount NAV..

Close - End funds and Discount NAV..  Some close - End funds sell at a discount to their NAV because A. The re-purchase price fixed by the fund is lower than its NAV. B. Of the inherent risk prevalent in close - end funds. C. Investors expect their future potential to be unable…

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Diversified Debt Fund - Terminology - Mutual Fund

Diversified Debt Fund -  Terminology - Mutual Fund An  mutual fund or  investment fund that contains a wide array of securities to reduce the amount of risk in the fund.  Actively maintaining diversification prevents events that affect one sector from affecting an entire portfoli…

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What is Diversified debt mutual fund?

A Debt Mutual Fund (MF) that invests in all available types of debt securities issued by entities across all industries  and sectors is a : A. Focused debt mutual fund.. B. Diversified debt  mutual  fund... C. Assured return  mutual  fund.. D. High yield debt  mutual  fund.. Answer ..…

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Debt mutual fund and invetsments

What is Diversified debt fund?  A Debt Mutual Fund that invests in all available types of debt securities issued by entities across all industries & sectors is a : A. Focused debt mutual fund B. Diversified debt  mutual  fund C. Assured return  mutual  fund D. High yield debt  mu…

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Finance Act 2016 - Service Tax - Krishi Kalyan Cess - Equalisation Levy

Finance Act 2016 - Service Tax - Krishi Kalyan Cess - Equalisation Levy Tax Quest by K. VAITHEESWARAN  Advocates & Tax Consultants Chennai, India. SERVICE TAX Finance Act, 2016 has effected a number of changes that are effective from 01.06.2016 and this alert seeks to provide…

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