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Pune Entrepreneurs Network Previous Topic | Next Topic | Topics The Pune Entrepreneurs Network Network is not currently active and cannot accept new posts Reduce tax liability by booking nominal loss. Views: 333 Oct 25, 2007 8:22 pm Reduce tax liability by booking nominal loss. # Rajkumar lodha Dear All, A great opportunity to HELP YOUR CLIENTS REDUCE THEIR TAX LIABILITY Invest in Mutual Fund scheme 91 days prior to Dividend Declaration On Dividend Payment, the NAV falls to the tune of dividend paid (eg. Cum Div NAV (20) – Div Payout (5) = Ex Dividend NAV (15)) Purchase NAV - Redemption NAV = Short Term Capital Loss This Short Term Capital Loss Can be Offset against Short Term / Long Term Capital Gain (Any Gains other than trading or business income) The last date to avail this opportunity is 31st OCTOBER 2007 The fund is HSBC EQUITY FUND. Dividend realization date is 1 Feb 08. Fund invest in large cap. NAV is around 40 & dividend yield is aprrox. 25%. The AUM under this fund is 1050Cr. Private Reply to Rajkumar lodha Previous Topic | Next Topic | Topics Back to Pune Entrepreneurs Network

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