Snapshot – Mutual Funds & Taxation Taxation aspects in mutual funds depends on: Type of mutual fund scheme:Equity oriented,Debt,Money market or Liquid schemes. Type of investor: Individual,Domestic Company,NRI. Duration Of Investment : Short term [Less than 12 Months], Long Term [more than 12 Months]. Type of income received : Dividend , Capital gains. Tax Implication…
What Is MICR Code And Structure Of MICR Line:
Recently,Reserve Bank Of India [RBI] directed PSU banks to promote online transfer processes like NEFT and RTGS and minimise uses of cheques as cost cutting measures.MICR area of cheque is important from point of view of speedy processing and cost of cheque manufacturing. MICR [ Magnetic Ink Character Recognition]: MICR line is magnetic ink printed…
How To Claim Past Unencashed Mutual Fund Dividends:
Unclaimed Mutual Fund Dividends: Rajesh received dividend in 2008 for one of its mutual fund investment.Meanwhile Rajesh closed his bank account and not updated it with mutual funds.Since dividend warrant contains bank account number,Rajesh was not able to deposit it in another account.As time passed thereafter Rajesh forget about it and now he wish to reclaim…