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Health treatment, air travel and hotel accommodation are set to become expensive with the widening of the service tax net, though the rate has been kept unchanged. The proposals relating to service tax would end in a revenue gain of Rs 4,000 crore in 2011-12. The government has sought to levy tax on all services, including diagnostic, offered by a hospital or nursing home that has central air-conditioners and more than 25 beds.
Diagnostic tests as well as services provided by doctors, who are not employees of any kind of clinical set-up, would be charged service tax. There would be an abatement of 50 per cent so that the actual burden is kept at five per cent of the value of service. All government hospitals would be outside this levy.
Besides, the ambit of service tax was also widened to cover hotel accommodation above Rs 1,000 per day, air-conditioned restaurants serving liquor, and legal services. The budgeted estimates for service tax have been pegged at Rs 82,000 crore for 2011-12, compared to the revised estimates of Rs 69,400 crore in 2010-2011.The government is also planning to create a list of services to bring several untapped sectors under the services tax net that would help the government shape the policy guidelines on GST in a better way.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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