Search Results for Tag : Premium
Notifications & Circulars
Applicability of TDS provisions of Section 194-I of the Income-tax Act, 1961 on lump sum lease premium paid for acquisition of long term lease(13.10.2016)
Section 194-I of the Income-tax Act, 1961 (the Act) requires that tax be deducted at source at the prescribed rates from payment of any income by way .....
Tags : TDS, Applicability, Lease premium
Judgments
General insurance companies have freedom to decide their premium rates as well as their re-insurer(26.07.2019)
The present information has been filed by Indian Chemical Council ("Informant"), under Section 19(1)(a) of the Competition Act, 2002 against General I.....
Tags : Circular, Premium, Enhancement, Legality
Accounting of premium, claims and related expenses on estimation basis(15.06.2022)
1. At present, para 2 of Part I of Schedule B of the Insurance Regulatory and Development Authority (Preparation of Financial Statements and Auditors .....
Tags : Accounting, Premium, Estimation basis
Notification issued pertaining to base premium for third party insurance for unlimited liability(26.05.2022)
The Ministry of Road Transport and Highways, in consultation with the Insurance Regulatory and Development Authority of India, has published Motor Veh.....
Tags : Notification, Premium, Unlimited liability
News
CESTAT Allows Cenvat Credit To Satyam Computer for Service Tax Paid on Medical Insurance Premium(14.10.2022)
Customs, Excise and Service Tax Appellate Tribunal, Hyderabad has granted a cenvat credit to Satyam Computer for service tax paid on insurance premium.....
Tags : Customs, Excise and Service Tax Appellate Tribunal, cenvat credit, service tax, insurance premiums
Delhi HC Gives LIC Premium Waiver Benefit for Policy Revived After Death of Proposer(14.12.2018)
Delhi High Court has held that LIC premium waiver benefit is applicable to a policy which is revived after the death of the proposer.
Tags : Delhi High Court, LIC Premium Waiver Benefit
COMPANY - Conversion of Unaccounted Money Through Cloak of Share Capital/Premium Must be Scrutinised: SC(07.03.2019)
Supreme Court has observed that assessee is under a legal obligation to prove receipt of share capital/premium to satisfaction of Assessing Officer, f.....
Tags : Supreme Court, Share Capital/Premium, Conversion of Unaccounted Money
Delhi HC Rejects NIACL's Demand for Additional Premium to Advocates(03.06.2021)
Delhi High Court has rejected the demand of New India Assurance Company Limited (NIACL) demanding additional premium for 557 advocates who were not pa.....
Tags : Delhi High Court, Payment of Premium to Advocates
AAR, Kerala: GST Is Payable on Fair Trade Premium(06.04.2022)
Authority of Advance Ruling (AAR), Kerala has observed that Goods and Services Tax is payable on fair trade premium, forming part of the consideration.....
Tags : Authority of Advance Ruling, Kerala, Goods and Services Tax, fair trade premium
Clarification on "Extension of grace period for payment of renewal premium of life insurance policies in light of recent demonetization"(29.11.2016)
Reference is drawn to the Circular Ref: IRDA/ACTL/CIR/ULIP/236/11/2016 dated 25th November, 2016 on "Extension of grace period for payment of renewal .....
Tags : Renewal premium, Payment, Extension, Time period
ITAT, Kolkata: No Addition on Share Premium if Shares Allotted Under Barter System(24.03.2020)
Income Tax Appellate Tribunal (ITAT), Kolkata has held that the Assessing Officer cannot invoke the provisions of Section 68 of the Income Tax Act, 19.....
Tags : Income Tax Appellate Tribunal, Addition on Share Premium
Natural calamity - relaxation of grace period for payment of renewal premium in the State of Kerala and flood affected districts of Karnataka(29.08.2018)
It has come to the notice of the Authority that due to recent heavy rains and floods in the state of Kerala and Karnataka, normal life has been severe.....
Tags : Natural calamity, Relaxation, grace period, Payment, Renewal premium