LIC's net premium income in Q4FY25 was Rs 1.47 lakh crore as against Rs 1.52 lakh crore a year ago.
This extension will provide more time due to significant revisions in ITR forms, system development needs, and TDS credit reflections, says CBDT
The top government think tank's CEO further said that the overall geopolitical and economic environment are favourable to the country
On January 20, a total of 4,52,839 agents of LIC successfully completed and issued an astounding 5,88,107 life insurance policies across India, it noted
According to data released by the Life Insurance Council, LIC collected Rs 13,610.63 crore in NBP for the month, up from Rs 12,383.64 crore in April 2024
NRIs can claim a GST refund on insurance premiums, which makes purchasing Indian policies more affordable
The Income Tax Bill, 2025 defines 'online game' as any game offered on the internet and accessible through a computer or telecom device.
As per the new tax bill, 'undisclosed income' includes 'money, bullion, jewellery, virtual digital asset or other valuable article' or expenditure, income based on any entry or transaction, where such entry wholly or partly represents income which has not been disclosed.
Insurers also want FM Sitharaman to consider extending the additional Rs 50,000 tax exemption for NPS contributions to pension plans from life insurance companies too
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