Understanding the tax implications of appreciation in the value of foreign assets held by Insurance Companies due to currency devaluation.
SC rules that Section148 Notices issued under old law remain valid. Taxpayers cannot use change in law as an excuse to escape proceedings.
Discover the requirements under FEMA for offering securities to neighboring countries. Understand the changes in the FDI regime to protect Indian businesses from unscrupulous activities.
Bharat Sanchar Nigam Limited Vs Sandeep Choudhary (Supreme Court) OBC Candidates Must Be Appointed Through General Quota If They Are Meritorious Than The Last General Quota Candidate: Supreme Court of India. BRIEF FACTS: 1. In this case, the Respondent had applied for the post of Telecom Technical Assistant (TTA) in BSNL. 2. A competitive exam […]
Discover the concept of revaluation reserves in insurance companies and the role they play in accounting for changes in asset values.
The Apex Court recognized that owing to high volume of inflow of foreign contribution and large-scale improper utilisation and misappropriation of foreign contribution, it was necessary for the Parliament to introduce the Amendment Act, to ensure proper receipt and utilization of foreign funds in accordance with the approval.
Explore the impact of the Covid-19 pandemic on the insurance industry. Discover how this global crisis has reshaped the insurance landscape.
Dive into crucial Income Tax case laws covering sections 276C, 276D, 277, and more. Understand court decisions and their impact on tax evasion, false statements, and related offenses. Stay informed with these key legal insights.
Dive deep into the amendments brought by SEBI (LODR) (Fourth Amendments) Regulations in 2022 and 2021. Uncover the intricacies, changes in regulations, and their impact. Stay informed on crucial modifications related to disclosure in financial results, submission to stock exchanges, payment of interest or dividend, and additional documentation requirements for transmission of securities.
SC held that It is duty of insurance company to communicate details of terms and conditions of insurance policy to the beneficiaries of insurance.
