The percentage cession of the sum insured on each General Insurance Policy to be reinsured with the Indian Re-insurer(s) shall be 4% (four percent) in respect of insurance attaching during the financial year beginning from 1st April, 2022 to 31st March, 2023, except the terrorism premium and premium ceded to Nuclear pool, wherein it would be made ‘NIL’. The entire Obligatory Cession is to be placed with General Insurance Corporation of India (GIC Re) only.
State of Maharashtra Vs Bhagwan (Supreme Court of India) In the present case, WALMI being an autonomous body, registered under the Societies Registration Act, the employees of WALMI are governed by their own Service Rules and conditions, which specifically do not provide for any pensionary benefits; the Governing Council of WALMI has adopted the Maharashtra […]
The Punjab Accountants Association has requested FM for Extension of due date for filing Tax Audit Reports and related Returns for AY 2021-22 under IT Act. 1961. They request FM to be kind enough and extend due date for uploading Tax Audit Reports further from 15th January, 2022 to 28th February, 2022 and related Income-tax […]
Tax Guru Edu announces Live Online Professional Development Courses on GST, Customs & FTP and Income Tax – 2021 / 22. Online Course involves 2 classes a week for 2.5 hrs on weekends. Total 10 sessions (25 hrs detailed course).
BJP, Economic Cell, Bangalore has requested FM for considering extension of Additional One Month from the relevant Due Dates for submission of Report of Audit and related Filings for AY 2021-22. Bharatiya Janata Party Bangalore Central District, Bangalore Economic Cell CA Nischal.R.B – Convener-Economic Cell, BJP Bangalore Central District Email ID: canischalrb@gmail.com Date: 08/01/2022 Smt. […]
In our considered view, the date of allotment is relevant for the purpose of computing holding period and not the date of registration of conveyance deed as held by the Hon’ble Jurisdictional High Court of Delhi in the case of K. Ramakrishnan 48 com 55
HC not deemed it appropriate to non-suit the petitioner on the ground that there is an efficacious remedy of appeal, more so since we are not setting aside the order on merits but are only directing that the Assessing Officer should pass a fresh order after affording an opportunity of hearing to the petitioner.
Rajya Sabha Member CA N. D. Gupta has requested MS. Nirmala Sitharaman, Union Minister of Finance to extend Tax Audit filing date for Assessment Year 2021-22. He requested to extend the date of filing Tax Audit report u/s. 44AB of Income Tax Act 1961 to another date based on advise from NITI AAYOG/Health Ministry. Extension in […]
V.S. Products Vs Union of India (Karnataka High Court) Legality of levy of NCCD as per Section 136 of the Finance Act, 2001 As per Section 136 of the Finance Act, a surcharge by way of duty of excise at the rates specified in the schedule is levied. By virtue of the amendment of the […]
As per the Indian Council of Medical Research and the National Centre for Disease Informatics and Research, the total number of men getting affected with different types of cancer is expected to reach 6,79,421 in 2020 and 7,63,575 in 2025.
