We have once dreamed that there should be one tax for one nation and implementation of GST Act,2017 from 1st July,2017 has fulfilled our dream. GST has implemented whole of India and number indirect and direct taxes have been submerged into GST. In earlier tax regime ,there were cascading affect of taxes and each sate […]
Discover the ways to detect and control motor insurance frauds in India. Learn how legal professionals support bogus accidents for false claims.
We know that before Finance Act, 2020 a dividend received from a domestic company is exempt in the hands of shareholders. Because company declaring dividend is required to pay Dividend Distribution Tax (DDT) under provisions of Section 115O of the Income Tax Act,1961 before crediting amount of dividend into account of shareholders. Many business houses […]
Mitigate compliance risk in the insurance sector to protect your company’s reputation. Learn about the consequences of non-compliance and regulatory interventions.
Analyze the Presumptive Taxation Scheme for Professionals-Section 44ADA under the Income Tax Act,1961. Learn how it can reduce tax liabilities and provide deductions.
Explore the concept of Actuarial Risk in insurance. Learn how actuaries manage risk and uncertainty, estimating factors like mortality, morbidity, and burning costs. Dive into IRDAI regulations governing appointed actuaries, their duties, and powers. Discover key factors influencing actuarial risks, including product risk, mortality risk, morbidity risk, burning costs, pricing risk, and solvency risk. Understand the importance of accurate assumptions in risk estimation for successful insurance product development.
SECTION 29 provides that ;(1) No insurer shall grant loans or temporary advances either on hypothecation of property or on personal security or otherwise ,except loans on life insurance policies issued by him within their surrender value , to any director, manager, actuary, auditor, manager or any officers of the insurance company, or to any […]
Geographical Indication indicates in relation to particular goods that they originate from a country, region or locality and have some special characteristics, qualities or reputation, which is attributable to its place of origin. It means that Geographical Indication depicts the quality, special character related to particular goods, which cannot be find in any other place. […]
1. Guidelines on Standard Domestic Travel Insurance Product. Circular No. IRDAI/HLT/REG/CIR/119/05/2021 dated 5th May,2021. The IRDAI through Circular No. IRDAI/HLT/REG/CIR/119/05/2021 dated 5th May,2021 issued “Guidelines on Standard Domestic Travel Insurance Product.” The Insurance Regulatory and Development Authority of India (IRDAI) has issued guidelines on Bharat Yatra Suraksha, the standard domestic travel insurance product, that will […]
WHETHER LOOSE SHEETS FOUND IN SEARCH WITH THIRD PARTY WILL CONSIDERED AS BOOKS OF ACCOUNTS. Dear friends, we know that where any sum is found credited in the books of an assessee, maintained for any previous year and the assessee offers no explanation about the nature and source thereof or the explanation offered by him […]
