I have engaged in a private company; Company has Mediclaim policy with United India Insurance. As per the company policy employee can top up the limit of mediclaim under the same policy .

For Example Company paid for medical insurance Rs-4000/- for covering medical insurance of 4Lcs for individual employee, in the same policy the insurance company provide an option to top upto Rs-6 Lacs for which Employee has to pay Rs- 1000/- which will be deducted from the salary of the respective employee. Although the single policy is in the name of company but the insurance company provide separate Mediclaim card for availing the medical benefit for every individual.

In this regard my question whether the respective employee can claim [partial portion] u/s 80D and which documents or proof is required to be produce for claiming the deduction?

1) Policy Single in the name of the company
2) Entire payment initially made by the company and enhance amount will be adjusted in the subsequent period by adjustment of salary.

Respected Sir,

We are writing to seek your esteemed guidance regarding a matter related to the Goods and Services Tax (GST) law in India, specifically concerning the refund of CESS paid on coal used for manufacturing purposes under the Inverted Duty Structure.

Our company is engaged in the manufacturing of Steel & Iron, and we regularly supply our products to Merchant Exporters as well. As per our understanding, the GST law allows for a refund under the Inverted Duty Structure when the tax on inputs is higher than the tax on the output. However, we have encountered a situation where the refund of CESS paid on coal, which is a critical input in our manufacturing process, is not permitted under the current provisions.

Our Queries:

• We would like to clarify whether the refund of CESS paid on coal used in manufacturing is permissible under the Inverted Duty Structure, especially in the context of sales to merchant exporters.

We would be grateful if you could assist us in exploring any other avenues or provisions within the GST law that might allow us to claim relief or refund on the CESS paid on coal. Given the significance of this matter to our operations, we kindly request a prompt response to this query. Your guidance will greatly assist us in ensuring compliance with the GST regulations while optimizing our input tax credit utilization.

We appreciate your assistance and look forward to your valuable input.

We would like to appoint Peer review auditor in our company. Any one could provide list of peer review auditor(CA) in chennai.

Auto Dealership Car Vehicle Closing Stock Valuation : Is it right to Reduce Incentives like MAC , DRF to reduce from Year End Closing Stock ? Please guide as per IndAS
unsold stock ,to come at correct valuation ,is it appropriate to reduce MAC [Wholesale Incentive] & DRF from Closing Stock?

Dear sir/madam- Would liek to have clarification on following
I AM A CONSULTANTS ON B2B CONTRCAT WITH POLAND FIRM. THE EXPENSES INCURRED FOR TRAVEL,HOTEL,TAXI,CAR RENTAL WHICH ARE PADI BY ME DO WE HAVE TO CHARGE GST ON THE SAME TO THE POLAND FIRM

IS GST APPLICABLE FOR THE EXPENSES WHICH ARE REIMBURSED BY FOREGIN FIRM.

Resolved and deleted.

Invested in Single Premium ULIP policy in 2005 Rs.1 lakh with coverage of same amount. Current Value is around 18 lakhs. What are the tax implications on partial or full withdrawal. If the withdrawn amount is taxed, it will be taxed under which head. Is there an opportunity to set off Short/Long Term Capital Loss or Business Loss against such withdrawals

I have ICICI PRU life time ULIP taken in year 2005 (with 2078 as policy end year), with 50,000 rupees as yearly premium and 5 Lakh rupees as life cover and 3 Lakh rupees as accident & disability cover.
Some amount is withdrawn from policy in years 2009, 2014, due to which life cover is reduced to 1.8 Lakh rupees but 3 Lakh rupees as accident & disability cover still exists.

Can I consider the total sum assured as 8 Lakh rupees before withdrawals and as 4.8 lakh rupees after withdrawals.?

What are the taxes to be paid if I surrender the policy now and get the current fund value.?
Does it qualify for section 10-10 (D), where in, Tax need not be paid.?

As per my understanding, Section 10-10 (D) qualification rule for the ULIP issued on or after 1st
April 2003 but on or before 31st March 2012 is: The premium payable should not exceed 20% of the actual capital sum assured, for any of the years (during the term of the policy).

Is this rule met.? Let me know if I am missing anything. Thanks.

Hi all,
I will a sample format for making corrections in 3 fields
1. Date of payment credit
2. Date of tax deductions
3. Total amount paid in previous installment
Can someone please provide a thought draft for making indemnity bond?
I am not getting any idea how it should be written.

Respected seniors,

1. Is an E-way Bill required for a bike sale over ₹50,000 if the customer drives the bike away directly (B2C sale)?

2. For B2B sales over ₹50,000, do we need to generate an E-way Bill if the bike is driven by the buyer and not transported by another vehicle?

3. How should we handle the vehicle and transporter ID fields in the E-way Bill when the bike is driven away on its own wheels?

4. Are there any exemptions under GST for generating an E-way Bill when the bike is self-transported (by driving a new vehicle) by the buyer?

5. Do we need to generate an E-way Bill for intra-city sales where the buyer drives the bike away and the invoice is over ₹50,000?

6. What are the risks of not generating an E-way Bill if the bike is driven away by the customer without using a separate vehicle?