CHOLA FINANCIAL RESULTS FOR THE QUARTER AND 9 MONTHS ENDED 31st DECEMBER 2017

CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED (CHOLA) UN-AUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31st DECEMBER 2017 Disbursements grew by 55%; PAT grew by 53% YoY The Board of Directors of Cholamandalam Investment and Finance Company  Limited today…

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Money Management Download 5 free e-books!

Money Management Download   5  free e-books! by freefincal 1) Young earners guide to money management 2) DIY money management 3) Post-retirement income generation strategies 4) How to retire early in India 5) A Beginner’s Guide To Investing in Debt Mutual Funds. Download link

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Share Trading Free Seminar ANDHERI, DADAR Feb, 10, 24 - 2018

Share Trading Free Seminar at Chennai  Feb, 10 - 2018 BY Mr. RAJA VENKATRAMAN,  CHIEF TECHNICAL ANALYST - CHARTADVISE DATE : 10th February 2018 LOCATION: ANDHERI TIMING: 10:30 AM – 1:00 PM DATE : 24th February 2018 LOCATION: DADAR TIMING: 10:30 AM – 1:00 PM    Stock Market Aware…

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LIC MF launches daily SIP scheme in 7 Funds

LIC MF launches daily SIP scheme LIC Mutual Fund (MF) is offering investors the option to invest in SIPs with as low as Rs. 300 per day which would be available in 5 equity schemes.  LIC MF on Jan. 25, 2018  said it has introduced a daily SIP scheme, a move which will help it…

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Parity in tax treatment of all three categories of Foreign Portfolio Investors AMFI BUDGET PROPOSALS 2018-19

AMFI- Association of Mutual Funds in India BUDGET PROPOSALS FOR FY 2018-19 Parity in tax treatment of all three categories of Foreign Portfolio Investors Background • Section 9 of the Act deals with cases of income which are deemed to accrue or arise in India. Sub-section (1) …

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Safe Harbour for investment management activities of Offshore funds in India AMFI BUDGET PROPOSALS 2018-19

AMFI- Association of Mutual Funds in India BUDGET PROPOSALS FOR FY 2018-19 Safe Harbour for investment management activities of Offshore funds in India Section 9A of the Income-tax Act, 1961 prescribes 13 conditions that need to be fulfilled by the offshore fund, and 4 condit…

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BUDGET 2018-19 AMFI PROPOSAL Securitisation Trust

AMFI- Association of Mutual Funds in India BUDGET PROPOSAL FOR FY 2018-19 Securitisation Trust Background • The Finance Act 2013 rolled out a special taxation regime to facilitate the securitization process, in respect of income of securitization entities set up as a “Trust” f…

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Compliance under Sec.195(6) of the Income Tax Act, 1961 and Rule 37BB of the Income Tax Rules, 1962 AMFI BUDGET PROPOSALS 2018-19

AMFI- Association of Mutual Funds in India BUDGET PROPOSALS FOR FY 2018-19 Compliance under Sec.195(6) of the Income Tax Act, 1961 and Rule 37BB of the Income Tax Rules, 1962 Background As per Section 195(6), a person responsible for paying any sum to a non-resident individua…

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Threshold Limit in Equity Oriented Mutual Fund schemes to be lowered from 65% to 50% AMFI BUDGET PROPOSALS 2018-19

AMFI- Association of Mutual Funds in India BUDGET PROPOSALS FOR FY 2018-19 Threshold Limit in Equity Oriented Mutual Fund schemes to be lowered from 65% to 50% Background As per the Income Tax Act, 1961, an "equity oriented fund" means a fund— i (i) where the investi…

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Rationalisation of tax treatment on Switching of Investments under Mutual Funds v/s ULIPs of Insurance companies AMFI BUDGET PROPOSALS 2018-19

AMFI- Association of Mutual Funds in India BUDGET PROPOSALS FOR FY 2018-19 Rationalisation of tax treatment on Switching of Investments under Mutual Funds v/s ULIPs of Insurance companies Background • Currently, Intra-Scheme Switch transactions , i.e., switching of investment i…

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