by AIP Online Bureau | Oct 3, 2023 | Indian News, Life, Policy
For assessment year 2012-13, the tax authority has imposed a penalty of Rs 12.61 crore, for 2018-19 Rs 33.82 crore, while Rs 37.58 crore for assessment year 2019-20, LIC said in a regulatory filing NEW DELHI: Life Insurance Corporation (LIC) on Tuesday said that the...
by AIP Online Bureau | Sep 5, 2023 | Data, Eco/Invest/Demography, Policy
More than 2.45 crore refunds have already been issued, it noted, adding it was committed to processing the remaining Income Tax returns in a speedy and efficient manner New Delhi: The Income Tax Department has so far processed more than 6 crore tax returns for the...
by AIP Online Bureau | Aug 17, 2023 | Eco/Invest/Demography, Indian News, Life, Policy, Wealth Management/ Philanthropy
According to the change, for policies issued on or after April 1, 2023, the tax exemption on maturity benefits under Section 10(10D) will only be applicable if the aggregate premium paid by an individual is up to Rs 5 lakh a year New Delhi: The Income Tax department...
by AIP Online Bureau | Aug 9, 2023 | Eco/Invest/Demography, Non-Life, Policy, Regulation, Reinsurance
The Bermudan government said in a statement the proposal would end the island nation’s long-standing 0% corporate income tax and would apply to Bermudan units of multinational corporations with 750 million euros ($820 million) or more in annual revenue. The proposal,...
by AIP Online Bureau | Sep 26, 2022 | Indian News
Anil Ambani,chairman,Reliance Group The IT department has charged Ambani (63) with “wilful” evasion, saying he “intentionally” did not disclose his foreign bank account details and financial interests to Indian tax authorities Mumbai: The...
