Tata Income Fund has declared a dividend of 0.80 per cent (Rs. 0.080 per unit) in its Monthly Plan. The record date for the same was July 19, 2001. The fund has doled out an aggregate dividend of 10.5 per cent over 14 monthly payouts since June 2000.
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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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