DBS Chola Mutual Fund announced a maiden dividend of 10 per cent under the dividend option of DBS Chola Tax Saver. The record date for the same has been fixed as January 22, 2007.
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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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