Tag: Income Tax Act

On Saturday i.e. 31-3-2012, Income Tax Offices will remain open.

March 30, 2012 – 7:05 pm

The Financial Year 2011-12 is going to close on 31-3-2012 which is falling on Saturday. All the Income Tax Offices throughout India shall remain open on this day and the receipts counters shall also work during normal office hours. This direction is issued for administrative convenience by the Central Board of Direct Taxes in exercise […]

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RBI nod to foreign VCs, but sectors limited to 10

December 23, 2008 – 2:15 am

The Reserve Bank of India recently started approving applications from foreign venture capital investors (FVCI) that were kept on hold for a considerable period of time. While this led to some excitement among the applicants, it was short-lived. In what has surprised the venture capital firms, the approval letters issued by RBI to FVCIs provide […]

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REMFs Having Problem Due To Unclear Tax Rule

July 21, 2008 – 4:54 am

At a time when the real estate sector is hard-pressed for funds, the real estate mutual funds (REMFs) are yet to take off, in spite of being granted permission 3 months ago. This is due to unclear rules about their tax treatment. REMFs, which were touted as key instrument enabling retail investors to take part […]

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