Search Results for Tag : agent

Top Story

IRDA lambasts Max Life Insurance ‘casual approach’ to insurance regulations(28.06.2016)

The Insurance Regulatory and Development Authority of India imposed a penalty of Rs. 10 lakhs on Max Life Insurance Company, citing operational defici.....

Tags : irda, max life, penalty, agents

IRDA lambasts Max Life Insurance ‘casual approach’ to insurance regulations(28.06.2016)

The Insurance Regulatory and Development Authority of India imposed a penalty of Rs. 10 lakhs on Max Life Insurance Company, citing operational defici.....

Tags : irda, max life, penalty, agents

Notifications & Circulars

Master Circular for Registrars to an Issue and Share Transfer Agents(17.05.2023)

I. Securities and Exchange Board of India (SEBI/the Board), from time to time, has been issuing various circulars/directions to Registrars to an Issue.....

Tags : Master Circular, Registrars, Share Transfer Agents

Judgments

Max Life Insurance fined for ‘casual approach’ to insurance regulations(28.06.2016)

The Insurance Regulatory and Development Authority of India imposed a penalty of Rs. 10 lakhs on Max Life Insurance Company, citing operational defici.....

Tags : irda, max life, penalty, agents

CCI lets Wiley India off the hook(28.06.2016)

The Competition Commission of India dismissed a complaint against pre-eminent publisher of scientific, technical and medical journals, Wiley India, fo.....

Tags : wiley india, journal, distribution, authorised agent, resale price maintenance

Training and examination for channels of insurance distribution harmonised(13.07.2016)

The Insurance Regulatory Development Authority of India took steps to streamline the training and examination of persons involved in selling and distr.....

Tags : Insurance, agent, brokers, training, examination, overlap

Scope of Principal-agent relationship in the context of Schedule I of the CGST Act(04.09.2018)

In terms of Schedule I of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the "CGST Act"), the supply of goods by an agent on.....

Tags : Principal-agent, Relationship, Scope

Allowing IC-38 exams for individual agents through remote proctor on pilot basis(04.11.2020)

The Authority has decided to allow IC-38 examination for individual agents to be conducted from remote locations vide remote proctor model proposed by.....

Tags : Exams, Individual agents, Remote proctor

News

ITAT, Chennai: Provisions of Sec 44AD Not Applicable to Commission Agents(18.04.2022)

Income Tax Appellate Tribunal, Chennai has observed that the provisions of Section 44AD of the Income Tax Act, 1961 cannot be applied to commission ag.....

Tags : Income Tax Appellate Tribunal, Section 44AD of the Income Tax Act, 1961, commission agents

CESTAT, Delhi: CHA Has No Reason to Doubt Any Malpractice of Export of Prohibited Goods(10.05.2022)

Customs, Excise and Service Tax Appellate Tribunal, Delhi has ruled that the Custom House Agent had no reason to doubt any malpractice and attempted e.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Custom House Agent, malpractice, prohibited goods, abetment

CESTAT, Bangalore: Consignment Note Sufficient to Prove Transportation for CHA(08.04.2022)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Bangalore has observed that a consignment note is enough to prove transportation for cust.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, consignment note, customs house agent

CESTAT: No Service Tax Leviable on Toll Collection(27.05.2022)

Customs, Excise and Service Tax Appellate Tribunal, Mumbai has ruled that amount collected by a toll collector during toll-collection activity will no.....

Tags : CESTAT, Service Tax, Commission Agent

ITAT, Mumbai: No TDS on Sales Commission Paid to Overseas Agents(04.12.2020)

Income Tax Appellate Tribunal (ITAT), Mumbai has held that tax cannot be detected at source on Sales Commission paid to Overseas Agents not having Per.....

Tags : Income Tax Appellate Tribunal, Sales Commission Paid to Overseas Agents

ITAT, Delhi: TDS Required to be Deductible on Commission to Overseas Agents(15.09.2021)

Income Tax Appellate Tribunal (ITAT), Delhi has held that the Tax Deducted at Source (TDS) is required to be deductible on the amount of commission pa.....

Tags : Income Tax Appellate Tribunal, Commission to Overseas Agents

Zee Turner saved from service tax liability(01.04.2016)

The Customs Excise and Service Tax Appellate Tribunal saved Zee Turner from service tax levies after accepting submissions that it was merely acting a.....

Tags : Service tax, foreign broadcaster, indian agent

Submission of statement in XBRL(19.05.2016)

The Reserve Bank of India advised Indian Agents (Authorised Dealer Category – I banks) under the Money Transfer Service Scheme to report MTSS transact.....

Tags : Xbrl, money transfer service, 2016, indian agent

CESTAT: Service Provider Not Liable to Pay Service Tax on Commission Paid to Overseas Agent(17.08.2021)

Customs, Excise and Service Tax Appellate Tribunal (CESTAT), Chennai has held that the service provider engaged Textile Processing is not liable to pa.....

Tags : Customs, Excise and Service Tax Appellate Tribunal, Service Tax on Commission Paid to Overseas Agent

JKL HC: Insurance Agents Are Liable for Errors and Omissions(17.08.2023)

Jammu and Kashmir and Ladakh High Court has held that insurance agents represent insurance companies and they are liable for errors and omissions. The.....

Tags : Jammu and Kashmir and Ladakh High Court, Insurance Agents, Errors

Del. HC: Patent Agents Don’t Come Within the Ambit of BCI or Advocates’ Act, 1961(08.09.2023)

Delhi High Court while observing that patent agents do not come within the ambit of the Bar Council of India or the Advocates’ Act, 1961, has stated t.....

Tags : Delhi High Court, Patent Agents, Advocates’ Act, Regulatory Authority

Calcutta High Court Rejects Anticipatory Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan(30.11.2021)

Calcutta High Court has rejected the anticipatory bail plea moved by TMC leader Sheikh Sufiyan in the West Bengal post-poll violence case currently be.....

Tags : Calcutta High Court, Bail Plea of Mamata Banerjee's Polling Agent Sheikh Sufiyan

Gujarat HC: Commission Agents Introducing Potential Customers is ‘Service’(27.01.2020)

Gujarat High Court has held that the commission agents who are introducing the potential consumers are to be regarded as providing a ‘service’ and wou.....

Tags : Gujarat High Court, Commission Agents

ITAT: Customs House Agent Bound to Pay TDS on Payment to CFS Agents(25.03.2022)

Income Tax Appellate Tribunal (ITAT), Chennai has held that the Customs House Agent bound to pay TDS under section 194C of the Income Tax Act, 1961 on.....

Tags : Income Tax Appellate Tribunal, TDS on Payment to CFS Agents