Life insurance companies want withdrawal of service tax on fund management charges
Jan 6, 2010 Service Tax
The life insurance industry wants service tax on fund management charges to be withdrawn, as is the case with mutual funds. The Life Insurance Council-the representative body of life insurers-will shortly make a presentation to the finance ministry urging the introduction of a uniform taxation platform for the life insurance sector.
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Tags: fund management, insurance, life insurance companies, management charges
SEBI likely to lower the fund management charges and introduce stricter compliance standards
Nov 17, 2009 SEBI
The next set of reforms in the mutual funds industry is round the corner with the Securities and Exchange Board of India likely to lower the fund management charges and introduce stricter compliance standards.
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Tags: asset management companies, assets under management, compliance standards, corporate governance standards, distribution costs, fund management, management charges, management fee, securities and exchange board of india, television advertisements