- Wednesday, January 6, 2010, 2:55
- Service Tax
- 11 views
The life insurance industry wants service tax on fund management charges to be withdrawn, as is the case with mutual funds. The Life Insurance Council-the representative body of life insurers-will shortly make a presentation to the finance ministry urging the introduction of a uniform taxation platform for the life insurance sector.
Full Article
- Tuesday, November 17, 2009, 2:02
- SEBI
- 7 views
The mutual funds advisory committee, which met on Friday, has recommended that asset management companies lower the fund management fee from the present level. Fund houses currently charge 1.25 per cent as asset management charges for the first Rs 100 crore (Rs 1 billion) garnered by a scheme, and 1 per cent thereafter.
Full Article