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Friday, February 20, 2015

Prajna Capital

IDFC Yearly Interval Series dividend
Direct Taxes
LIC Jeevan Rakshak

Posted: 20 Feb 2015 04:10 AM PST

The IDFC Mutual Fund house has also announced dividend under the dividend option of IDFC Yearly Interval Series III Direct-D and IDFC Yearly Interval Series III Reg-D. The quantum of dividend will be the entire distributable surplus as on the record date.

The record date has been fixed as February 25, 2015.

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For further information contact Prajna Capital on 94 8300 8300 by leaving a missed call

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Direct Taxes

Posted: 20 Feb 2015 02:07 AM PST

1 Direct taxes are paid by an individual or organisation to the government and cannot be passed on to another individual or entity.

2 The most common example of a direct tax is the income tax that individuals and corporates pay. Wealth tax is another direct tax that is levied by the government.

3 The rates of direct taxes are prescribed every year in the Finance Act, presented to the parliament with the Union Budget.

4 The Central Board of Direct Taxes, a part of the Ministry of Finance, is responsible for administration of the direct tax laws through the income tax department.

5 The Income Tax Act and the Wealth Tax Act prescribe the manner in which the tax will be levied, computed and collected, and the rights of the tax payers.