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LIC TAX RELIEF
LIC seeks GST relief, tax-free premium hike to boost salesLIC has urged the government to implement tax and regulatory changes in the upcoming budget to boost policy sales and insurer margins. Key ...
Commuted pension from pension funds to get full tax deduction, new version of Income Tax Bill, 2025 clarifiesThe Income Tax Bill 2025 brings good news for pensioners. It allows tax deductions on the full amount of commuted pension. This applies to ...
GST Council likely to clarify premium on life insuranceThe GST Council will provide clarity on input tax credit for life insurers, following a demand on Life Insurance Corporation (LIC). The iss...
Coronavirus impact: Donation to PM CARES Fund eligible for 100% tax deductionThe date for making various investment/payment for claiming deduction under Chapter-VIA-B of the I-T Act, which includes section 80C (LIC, ...
View: Budget a big bang miss, but packed with right intent and ingredientsThe FM did well to utilise the fiscal headroom to stretch the FY20 fiscal deficit to 3.8%.
New tax regime: Life, health insurance may lose lure as tax sops turn optionalStocks on insurance companies fell following the budget announcement. Insurers say insurance was always a push product and now with the key...
Congress sceptical of disinvestment plan for LICCongress said the budget was devoid of a clear message or memorable idea and alleged the government "has given up on reviving the economy o...
New I-T regime likely to prove value-dilutive for LIC IPO planAdoption of new income-tax regime would not be rapid, said Jiten Parmar.
This Budget has something for everyone: Ashishkumar Chauhan, BSEIf LIC has come into the markets, you will see a significant increase in the overall market capitalisation of the country as soon as the li...
ELSS or insurance: which is the best tax-saving option under Section 80C?If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.
How can a US-based NRI invest in mutual funds in India?Several Indian fund houses have stopped accepting applications from NRIs based out of the US and Canada, owing to strict provisions of the ...
Budget 2015: How your act of charity will make you eligible for a tax deductionNational Defence Fund, PM's National Relief Fund, Swachh Bharat Kosh, Clean Ganga Fund, National Fund for Control of Drug abuse - 100% exem...
Government concessions to debt funds a partial relief: Mutual Fund industryEarlier this month, the Union budget had proposed doubling of the long-term capital gain tax on debt-oriented mutual fund to 20 per cent wi...
Uttarakhand Chief Minister Vijay Bahuguna asks banks to relax norms for calamity hit familiesBahuguna has requested Union Finance Minister P. Chidambaram to ensure that similar to the LIC, the nationalized banks too could be asked t...
- Budget2013 will woo more investors into mutual fund sector
The MF players have welcomed Budget proposals to increase income slab for RGESS saying the step will increase depth of capital markets.
Budget 2013 will woo more investors into MF sectorThe liberalisation of the RGESS by increasing the income slab to Rs 12 lakh from Rs 10 lakh earlier will get more investors into the equity...
Corporate advance tax: Mumbai sees a rise of 15%This is a significant improvement over the advance tax figures of the last quarter ending in September which showed only about 6% growth ov...
- Govt allows LIC, IDFC others to issue tax-free infra bonds
The government on Friday allowed LIC, IDFC, IFCI and specified NBFCs to issue tax-free infrastructure bonds, a move that will help it chann...
- PAN mandatory for all transactions, insurance included
The next time you buy an insurance policy or carry out a transaction at the post office, you will be required to provide your PAN. Weekend ...
- Donations can keep taxman away
Did you know donations are not only good karma, but can also give tax relief? section 80G of the Income Tax Act, 1961, which may provide yo...