Since April 1, 2020 the tax on dividends paid by debt funds has been abolished. But the dividends announced by mutual fund schemes are taxable in the hands of investors. Tax is deducted at source at the rate of 10 per cent on dividends, when the dividends exceed Rs 5000 in a financial year. Besides, dividends are also taxable in your hands, as per your income-tax brackets. Even if you have opted for DTP and your debt fund dividends declared get automatically re-invested in the equity fund, you still have to pay tax on dividends declared. TDS on dividend does not absolve you of your their tax liability. … [Read more...] about Dividend transfer plan: An easy way to invest payouts from a debt fund
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June quarter report: Rakesh Jhunjhunwala raises stake in 8 firms, cuts exposure in 2 DAILY VOICE: Auto, financials, oil & gas and metals may rebound post-COVID, says Deepak Jasani of HDFC Securities Speculative trading by retail investors may be the reason for wild swings in mid & smallcaps: Umesh Mehta … [Read more...] about Q1 report: Ashish Kacholia raises stake in 4 firms, reduces exposure in 2
Facebook And here’s the weakest link. Zuckerberg is unlikeable and untrustworthy. His second-in-command, Sheryl Sandberg, fell from favor years ago. And Facebook’s underlying value proposition is far more dubious than its peers. Amazon gets you toothpaste overnight. Apple makes cool phones. Google lets you find anything in seconds. But Facebook? Sure, you can keep tabs on your best friend from third grade or see photos of your great aunt’s cat. But you’re also constantly wading into pools of anger and hate. The whole experience can feel icky. … [Read more...] about Zuck, Bezos, Cook: Who takes the fall in D.C.’s antitrust games?