Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: form 3cd :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: TDS :: due date for vat payment :: cpt :: VAT RATES :: articles on VAT and GST in India :: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: TAX RATES - GOODS TAXABLE @ 4% :: ACCOUNTING STANDARD :: Central Excise rule to resale the machines to a new company :: empanelment :: VAT Audit :: ARTICLES ON INPUT TAX CREDIT IN VAT
 
 
« Service Tax »
 Step by Step Guide for GST Enrolment for existing Central Excise / Service Tax Assessees
  Smart things to know about income tax refunds
 Further clarification to Circular No. 1/2017 - GST dated 21st July, 2017.
 GST Return Filing: How to handle discounts and additional cost
 GST base looks set to be at least 25% wider than earlier tax regime
 Businesses struggle with multiple tax rates, returns
 Common use items exempt from e-way bill provision under GST
 Goods And Services Tax Sends Taxes Racing
 How GST lesson can unleash untapped potential of education sector in India
 Services sector PMI falls most in 4 years on GST
 Missing column in GSTR 3B form leaves input claims a shaky edifice

Insurers want service tax on fund charges removed
February, 03rd 2010

The life insurance industry has made a representation for the service tax on fund management charges to be abolished to offer a level-playing field to all the financial service companies. The representation is being made to the finance ministry by the life insurance council an industry association of life companies.

Kotak Life Insurance MD Gaurang Shah said: The asset management companies dont pay any service tax on fund management charges. Similarly, even banks dont pay a tax on the net interest margin (NIM). Hence, we have requested the council to broach the finance ministry on this issue. The idea is to have a uniform tax structure for similar financial products and services.

In the meanwhile, Kotak Life Insurance announced its financial results on Tuesday. It has reported a net profit of Rs 18.52 crore for the October-December quarter in 2009.

For the nine months ended December 2009, the net profit stood at Rs 33.9 crore compared with a loss of Rs 25.3 crore for the corresponding period of the previous fiscal.

The company has been able to improve its profit performance substantially and make profit due to lower new business strain and cost reduction on the back of calibrated expansion, Mr Shah added. The individual New Business Premium grew by 22% to Rs 299.3 crore and the renewal income jumped by 59% to Rs 372 crore in the reporting quarter.

The companys commission cost lowered by 21% to Rs 370 crore in April December 2009 against Rs 450 crore. In order to lower distribution costs, the life insurer is mulling over the idea to launch an online term plan, ULIP and a pension plan. The benefit of the lower cost of distribution would be passed onto customers in terms of softer premiums.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Quality Assurance Services Testing and Re-testing

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions