Income Tax Notices Hit Insurers' Intermediaries for Alleged Fund Routing Violations Under Benami Law

Last updated: 23 January 2024

In a new twist, insurers and their agents are now grappling with notices under the Benami Transactions (Prohibition) Amendment Act, 2016, following last years run-ins with income and service tax authorities. Some marketing intermediaries and agents of insurance companies have reportedly received not

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