No claim bonus
This query is : Resolved
11 December 2012
I HAVE RECEIVED A 'NO CLAIM BONUS' OF 60% FROM AN INSURANCE COMPANY FOR MY OLD CAR, WHERE SHOULD I SHOW THIS REFUND IN MY ACCOUNT BOOK..?
PLEASE HELP ME
THANK YOU.
PLEASE HELP ME
THANK YOU.
11 December 2012
As per my knowledge , insurance co do not give refund of "no claim bonus". Rather they adjust the bonus in the next year's premium. And hence next year you will have to pay a less amount for premium.
Hence it will be automatically adjusted in next year when you will claim less expense for premium.
Rectify me if i am wrong!!
Hence it will be automatically adjusted in next year when you will claim less expense for premium.
Rectify me if i am wrong!!
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITDS U/S.194T of Firm
- Unregistered suppliers utility
- Difference between Date of Payment and Date of Deduction?
- Filling ITR - U
- Journal entry of busniess expenses
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- Non-Compliance documents have not been submitted by the contractors debited
- EXPORT COMMERCIAL INVOICE HSN CODE
- Cash balance limit and property purchases limit
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
