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TAXATION ON LIFE INSURANCE
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- From ₹1K gigs to ₹70 lakh hustle: Techie quits moonlighting to reclaim LifeA young platform engineer from a tier-3 college revealed his intense moonlighting journey, juggling two remote roles to earn Rs 70 lakh ann...
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- FM Sitharaman-led GST Council meet begins; Here are the key expectationsThe 54th GST Council meeting, led by Finance Minister Nirmala Sitharaman and attended by state ministers, commenced on Monday. Key agenda i...
- Private life insurers expected to report modest growth in Q3The share of Unit-Linked Insurance Plans (ULIPs) is likely to rise, in lockstep with the surge in stock indices, slowing the growth in Valu...
- Kotak Institutional Equities throws out 3 stocks from model portfolioIn its revised large-cap model portfolio, the brokerage firm included ABB (150 bps) and increased the weight on Bharti Airtel (80 bps). "AB...
- How is life insurance money taxed?Proceeds received by the nominee on the death of the insured is tax free in the hands of the nominee.
- Budget 2013: Review needed on levying of service tax on life insurance products, says V Philip, Bajaj Allianz"In order to boost life insurance, levying of service tax should be revisited in the budget to make the product attractive," says V Philip.
- LIC tracks down clients, settles 89k unclaimed policiesLife insurance sector holds about Rs 2,000 crore in unclaimed funds, with the private sector insurers accounting for about 45%.
- Budget 2011: Insurance players feel left outInsurance players were expecting the finance minister to earmark a separate tax exemption limit for the life insurance premium.
- Budget 2011 should address tax challenges faced by insurance sector: Prakash Shah, Tax professional, Ernst & YoungGovernment should consider introducing provisions in the budget for extending the period of carry forward for life insurance companies.
- Insurance firms to meet Finmin on Ulip taxation issueLife insurers will soon approach the Finance Ministry over the revised Direct Taxes Code (DTC) draft proposal to tax investments in unit-li...
- Insurance Industry hopeful that the Budget '09 would resolve the mazeUntil 2001, insurance was a nationalized activity; the domain of the Government owned insurance companies.
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