In the Insurance Act, loan/advance on insurance policies of full time employees of the company is allowed, provided that the amount of loan or advance should not exceed the surrender value of the policy at the time of granting loan/advance.
You Can Save Your Taxes By Using Various Exemptions And Deductions Provided By The Government Under Various Provisions Of Income Tax Act,1961. Discussing the same in this article.
Ratio Analysis reduces guesswork on the financial soundness and performance of a company and provides a sound basis of the status of a company on a particular date.
The main purpose of the introduction of Section 50D is to check and prohibit freebies distributed by large business corporations to unrelated or strangers to avoid payment of tax.
Section 45(2) states that conversion of Capital Asset into business asset has been treated as a transfer of asset and Capital Gain is attracted on such conversion.
An assessee would receive intimation under Section 143(1) if the assessee has paid either more or less than the amount which he is actually liable to pay.
The IRDAI and Insurance Law updates provides synopsis of the introduction, amendments and changes brought by the Government and IRDAI in the previous quarter ended on (31st March 2021) is being published in this bulletin.
Performance evaluation is the process of evaluating how effectively employees are fulfilling their job responsibilities and contributing to the accomplishment of organizational goals.
An Ombudsman is an important Government Authority under the Insurance Industry. It is a fast and most effective grievance solving authority. In other sectors also Government has introduced the Ombudsman Scheme.
Calculating the exact amount of insurance policy or sub-assured under insurance to cover all your future liabilities is a Herculean task. In this article, we calculate the amount of insurance cover you need in case of casualty.
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