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Filing Income-Tax Returns: 5 tax implications of mutual fund investments

If you are a  mutual fund investor, one of the important things to understand is the tax implications on your investments. Investment in mutual funds comes with various tax provisions. Thus, while investing in equity funds can carry tax saving benefits under Section 80C of the Income Tax Act along with the Long Term Capital Gains (LTCG) taxation, investing in debt funds come with indexation benefit. However, there is often confusion on mutual fund taxation. For example, many of us think that investments in all equity mutual fund are eligible…

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David Cameron to set up £750m UK-China investment fund

China’s President Xi Jinping drinks a pint of beer with David Cameron during his visit to Britain in 2015 CREDIT: GETTY David Cameron is helping to set up up a new £750m UK-China investment fund aimed at forging closer ties between the two countries, it has been confirmed. The former Prime Minister will become vice chairman of the new private equity fund after being approached for the role by Lord Chadlington, a friend and former Tory donor. The announcement, which confirmed reports published last month, came as the Government prepared to set…

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Government To Fund Scholars For Post-Doctoral Research In India

The National Post-Doctoral Fellowship was launched a month ago and would fund around 1000 scholars this year. (Representational Image) New Delhi:  In a bid to prevent brain drain, the government has embarked upon a scheme to fund pure science scholars, who have completed their PhDs, to enable them continue their post-doctoral research in India. According to Ashutosh Sharma, Secretary, Department of Science and Technology, the scholars would be paid Rs. 50,000 per month for the period of three years and would also be given a basic grant of Rs. 7…

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