The sector regulator IRDA today said guidelines for initial public offer of life insurance companies will be out within the next 10 days. “The IPO guidelines for life insurance companies should be out in next 10 days,” IRDA Chairman J Harinarayan to
The government is likely to take a decision in the next few days on the proposal to lift ban on exports of onion and wheat in view of their bumper production. The empowered group of ministers (EGoM) on food, headed by Finance Minister Paranab Mukherj
The government is considering tightening taxation norms for Indian companies having intermediary holding entities in overseas locations, as part of its efforts to increase its tax revenues.
Switzerland is willing to share information on Indians holding secret bank accounts there as part of New Delhi’s effort to bring back an estimated $1.4 trillion black money in tax havens abroad, the country’s envoy Philippe Welti has said.We now have an agreement with the Government of India. Under it if the government sends us a request, we will comply and provide the necessary information, which is asked of us, Welti told media in an interview.
The Centre on Thursday assured the Supreme Court that it would reveal the names of persons, who have stashed black money in foreign banks after registering a formal case against them. Solicitor General Gopal Subramanium, appearing before a bench head
CIT Vs M/s Sami Labs Limited – Karnatka High Court (Dated: February 14, 2011)- Income tax – Section 115JAA, 263, 244A – Whether MAT credit is to be first adjusted and then TDS and pre paid taxed should be set off against the total tax liability – Whether assessee is entitled to interest u/s 244A against the MAT credit. – Revenue’s appeal dismissed.
Black money parked in tax havens abroad will be taxable income under the Direct Taxes Code Bill, the Centre told the Supreme Court on Wednesday, spelling out a host of measures to retrieve it. The government also informed the apex court that it has completed negotiations for Tax Informations Exchange Agreement with 10 countries where the money is believed to have been stashed.
What are Currency Options? Currency Options are contracts that grant the buyer of the option the right, but not the obligation, to buy or sell underlying currency at a specified exchange rate during a specified period of time. For this right, the bu
While expressing disappointment at the low 1.6 per cent industrial output growth during December, Finance Minister Pranab Mukherjee said on Friday monthly numbers do not reflect correct picture of the economy. “IIP numbers are very unfortunate and it
There have been several representations from consumer associations and policyholders for enabling portability of health insurance policies from one insurer to other insurer. Persons shifting from one region to other regions are many times put to disadvantage due to lack of insurers’ office providing necessary policy servicing at the new location. Further, employees shifting from one organization to another organization many times lose health insurance cover due to lack of portability of the health insurance policies. It is essential to protect the policyholders against discontinuity and consequential loss of Pre Existing Diseases (PED) cover by making the health insurance plans portable across the insurance companies. The portability will also ensure that the policyholder is not tied to one single insurer throughout his life for fear of losing the cover of PED.
