Tax Planning news

DTC will not provide deduction for donation to relegious trust and may tax NGOs

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Trusts and institutions carrying out charitable activities will face more stringent taxation regime when the new direct taxes code comes into play from April 1, 2011.The new Code will particularly hit non-governmental organisations (NGOs). All NGOs and...

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Posted Under: Income Tax |

Fund managers not willing to annouce dividend this year

Join GST Online Certification Course by GST Professionals & TaxGuru.in – Batch II Money managers, who have historically used dividends as a ploy to lure investors to tax-saving stock funds, are shying away from payouts this year, as a savage share market decline limits distributable surplus. Only seven tax funds have announced divid...

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Posted Under: Income Tax |

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