Taxation, quite common term used in the life of every individual and taxable income, a part of our life. Well tax treatment on gains generated through mutual funds is not known in general. Present article emphasizes tax treatment on gains through mutual funds for individuals, HUF, NRI’s. Income from mutual fund can arise either from [...]

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Every Indian citizen is obliged to pay taxes on his taxable income. However there are few incomes which are out of the purview list which means they are not a part of taxable income. A glance on such incomes will further help you out to reduce the amount of tax being paid. 1)  Agricultural income: [...]

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Implementation of Section 80CCF has widened the scope of investment for investors. An investor with an investment, in addition to 1 lakh, allowing tax deduction under Section 80C can make further investment of up to Rs. 20,000 in infrastructure bonds and liable for tax deduction as per Section 80CCF. An investor in highest tax bracket [...]

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L&T Infrastructure Finance Company is approaching the market with another long term infrastructure bond. The bond is secured, redeemable and a non-convertible debenture highlighting tax benefit as per Section 80CCF of income tax act. As per Section 80CCF, an amount not exceeding Rs. 20,000 invested in long term infrastructure bonds is liable for tax deduction. [...]

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Infosys Technologies came out with its third quarter results today. The revenues of Infosys stood at Rs 9298 Crores for the quarter Dec 31,2011 which is a growth of 30.8% Y-o-Y and growth of 14.8% Q-o-Q. The net profit of the company was Rs 2372 which grew by 24.4% sequentially and 33.3% Y-o-Y. The company [...]

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