ICICI Prudential Mutual Fund has announced April 27, 2007 as the record date for the declaration of dividend under the dividend option of ICICI Prudential Fixed Maturity Plan Yearly Series 5. The quantum of dividend will be 100 per cent of distributable surplus available on the record date.
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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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