The CBDT has issued Circular No. 6 of 2014 dated 11.02.2014 in which the
issue as to whether mutual funds/specified companies are required to
pay additional income-tax under sub-section(2) to section 115R of the
Act not only on income distributed by way of dividend but also on
payments made at the time of redemption/repurchase of units as well as
at the time of allotment of bonus units to existing investors has been
considered in great detail.
We informally talk about Tax specially about Indian Income-tax Act, 1961, GST,FDI, Corporate Law and allied laws. The other motive is also to keep fellow professionals, entrepreneurs, NRIs, Foreign Investors and students updated. A place to share the common point of interest 'TAX' because sharing is caring!
Showing posts with label 10(35). Show all posts
Showing posts with label 10(35). Show all posts
Friday, 14 February 2014
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