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	<title>TaxGuru &#187; management charges</title>
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		<title>Life insurance companies want withdrawal of service tax on fund management charges</title>
		<link>http://taxguru.in/service-tax/life-insurance-companies-want-withdrawal-of-service-tax-on-fund-management-charges.html</link>
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		<pubDate>Wed, 06 Jan 2010 02:55:57 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[Service Tax]]></category>
		<category><![CDATA[fund management]]></category>
		<category><![CDATA[insurance]]></category>
		<category><![CDATA[life insurance companies]]></category>
		<category><![CDATA[management charges]]></category>

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		<description><![CDATA[The life insurance industry wants service tax on fund management charges to be withdrawn, as is the case with mutual funds.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.]]></description>
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		<title>SEBI likely to lower the fund management charges and introduce stricter compliance standards</title>
		<link>http://taxguru.in/sebi/sebi-likely-to-lower-the-fund-management-charges-and-introduce-stricter-compliance-standards.html</link>
		<comments>http://taxguru.in/sebi/sebi-likely-to-lower-the-fund-management-charges-and-introduce-stricter-compliance-standards.html#comments</comments>
		<pubDate>Tue, 17 Nov 2009 02:02:26 +0000</pubDate>
		<dc:creator>admin</dc:creator>
				<category><![CDATA[SEBI]]></category>
		<category><![CDATA[asset management companies]]></category>
		<category><![CDATA[assets under management]]></category>
		<category><![CDATA[compliance standards]]></category>
		<category><![CDATA[corporate governance standards]]></category>
		<category><![CDATA[distribution costs]]></category>
		<category><![CDATA[fund management]]></category>
		<category><![CDATA[management charges]]></category>
		<category><![CDATA[management fee]]></category>
		<category><![CDATA[securities and exchange board of india]]></category>
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		<description><![CDATA[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. ]]></description>
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