Principal Mutual Fund has announced a dividend of 80 per cent under Principal Tax Saving Fund. This is the third dividend payout from the fund since its launch.
The record date for the same has been fixed as March 31, 2008. There will be a four-day book closure under the scheme i.e. April 1, 2008 to April 4, 2008.
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Zero tax for foreigners, a tax on inflation for Indians
SEBI wants foreign investors freed from capital gains tax. The Indian saver who stayed while they sold still pays it on gains that are partly just inflation.
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