Tag Archives: insurance policy

Tax on maturity of Insurance Policy

By | June 6, 2016
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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
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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 »