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Archive: 20 March 2011

Posts in 20 March 2011

Service Tax on Insurance Auxiliary Services Concerning Life Insurance Business

March 20, 2011 933 Views 0 comment Print

Insurance Auxiliary Services Concerning Life Insurance Business means any service provided or to be provided to a policy holder or any person or insurer, including re-insurer by an actuary, or intermediary or insurance intermediary or insurance agent, in relation to insurance auxiliary services concerning life insurance business; “Insurance Auxiliary Service” means any service provided by an actuary, an intermediary or insurance intermediary or an insurance agent in relation to general insurance business or life insurance business and includes risk assessment, claim settlement, survey and loss assessment;

Service tax on Mandap Keeper’s Services

March 20, 2011 16433 Views 0 comment Print

Mandap Keeper’s Services means any service provided or to be provided to any person, by a Mandap keeper in relation to the use of Mandap in any manner including the facilities provided or to be provided to [such person] in relation to such use and also the services, if any, provided or to be provided as a caterer; “Mandap” means any immovable property as defined in section 3 of the Transfer of Property Act, 1882 (4 of 1882) and includes any furniture, fixtures, light fittings and floor coverings therein let out for consideration for organizing any official, social or business function;

Globalisation' of Indian accountants need of the hour – ICAI President

March 20, 2011 1207 Views 0 comment Print

Rapidly growing Indian economy and the strides taken by Indian firms to go global have thrown up the need for”globalisation of Indian accountants”to tap into growing opportunities, the President of the Indian Chartered Accountants of India (ICAI) said today.

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