Parity in Taxation between IDF – Mutual Fund and IDF-NBFC

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..... Parity in Taxation between IDF – Mutual Fund and IDF-NBFC - Budget Dated:- 28-2-2013 - News - The Finance Bill 2013 proposes to provide parity in taxation between an IDF-Mutual Fund that distribut .....

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..... es income and an IDF-NBFC that pays interest when the payment is made to a non-resident. Presenting the Union Budget in the Lok Sabha today, the Finance Minister Shri P.Chidambaram said that the rate .....

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..... of tax on such distributed income or interest will be 5 percent. He also stated that investor protection fund set-up by depositor for protection of the interest of beneficial owners will be exempt fro .....

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..... m income tax. *** DSM/RC/nb/42 (Release ID :92765) - News - Press release - PIB Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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