Tag Archives: insurance policy

Tax on maturity of Insurance Policy

By | June 6, 2016

Tax on maturity of Insurance Policy When the sum received on maturity of Insurance Policy is Taxable Tax on maturity of Insurance Policy has to be paid on case of :-  (a) receipt of any payment under a keyman insurance policy; (b) receipt of  any payment under section 80DD(3) Note : Section 80DD(3 ) is If the dependant, being a person… Read More »

IRDA issues draft on Issuance of e – insurance policy

By | February 11, 2016

Source : Insurance Regulatory and Development Authority of India 11-02-2016 Consequent upon promulgation of Insurance Laws (Amendment) Act, 2015 a new section in the Insurance Act, 1938 has been incorporated which reads as under- Section 14(2) of the Insurance Act, 1938, has given the provision that “Every insurer shall, in respect of all business transacted… Read More »