Latest Expert Exchange Queries
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) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ACCOUNTING STANDARDS :: list of goods taxed at 4% :: ACCOUNTING STANDARD :: form 3cd :: due date for vat payment :: ARTICLES ON INPUT TAX CREDIT IN VAT :: articles on VAT and GST in India :: VAT Audit :: cpt :: TDS :: Central Excise rule to resale the machines to a new company :: TAX RATES - GOODS TAXABLE @ 4% :: VAT RATES :: empanelment :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes
 
 
« Indirect Tax »
 GST may lead to better operating profit margin for multiplex operators
 Indirect taxes must equal direct taxes
  Income Tax dept issues notices to ‘farmers’ claiming suspect agricultural income
 GST would match or be lower than the multiple indirect taxes on real estate
 Tax incidence under GST lower than current indirect taxes
 Here's the complete list of pre-GST discounts being offered by companies
 Applicability of Explanation 2 to Section 132B of the I.T. Act, 1961- reg.
 Here’s all you need to know about TDS and why it is deducted
 New indirect tax regime
 Income tax rates, tax-free limit to stay unchanged
 Revised tax reform bill to benefit consumers

Introduce tax benefits for home insurance, says SBI General Insurance
February, 25th 2016

The tax benefits in the insurance sector have been a debatable topic for every budget session. Keeping the natural calamities that engulfed parts of the country in 2015 in focus, SBI General Insurance, expects the government to pass tax benefits for home insurance as well. The Budget will be presented by Finance Minister Arun Jaitley on February 29.

While speaking to dna, Gunjan Ghai, SVP & head marketing and product development, SBI General Insurance, said, "We are hopeful of great announcements from the Union Budget which will keep the growth momentum of the insurance industry going. The recent natural disasters have emphasised the need for home insurance at an individual level, and we believe that an income tax benefit similar to the one passed on for health insurance could lead to greater awareness and acceptability of home insurance as a risk product."

Further, "Tax rebates on critical illness cum accidental death policies could be dynamically linked to the taxable income of the individual where premiums paid should be given tax benefits for coverage up to five times the annual taxable income. The government could give tax rebates across all types of policies bought or renewed online".

"A further exemption in the limit of section 80D for health insurance policies could be raised to a higher limit, provided the policy was bought or renewed online. We also hope that the government would announce incentives for insurance companies which generate a certain percentage of their insurance policies online from rural areas. This could either be specifically targeted on motor OD/TP policies or health insurance policies", he added.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

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